Social Security revamp threatens to cut income and delay retirement for millions of Americans

Social Security retirement age 2025 changes are hitting hard as millions of Americans face delays in claiming full benefits. With the full retirement age (FRA) now set at 67 for those born in 1960 or later, many are forced to work longer or lose up to 30% of their monthly checks. Financial experts warn that the FRA could rise to 69 soon, cutting average lifetime benefits by over $400,000. As the Social Security trust fund nears depletion by 2034, future retirees may get only 77% of promised payouts.