The trust fund that pays Social Security retiree benefits is projected to run out of money in the first quarter of 2033. At that point, if nothing is done, the fund will only cover 77% of scheduled benefits.
With the prospect of Social Security facing insolvency in the coming years, raising the Social Security age to 69 is one proposal that makes the rounds from time to time. After all, in the early 1980s, the age was gradually increased from 65 to 67, so it's not a stretch to raise it again.
