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3 Potential Social Security Changes to Watch

3 Potential Social Security Changes to Watch

As such, lawmakers are proposing changes to Social Security to help avoid a widespread reduction in benefits. Right now, FRA is either 66, 67, or somewhere in between, but some lawmakers are proposing that it be shifted to a later age -- somewhere between 68 and 70. Doing so could result in major savings for Social Security, and since life expectancies have been increasing, proponents of this idea argue that it's a reasonable course of action to take.