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Next Gen Econ > Personal Finance > Retirement > Is Trump Going to Raise the Retirement Age?
Retirement

Is Trump Going to Raise the Retirement Age?

NGEC By NGEC Last updated: July 9, 2025 7 Min Read
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While President Donald Trump has consistently pledged not to raise the retirement age, several influential Republican factions have promoted adjustments that would shift that timeline. And it’s not entirely up to the president. Even if Trump sticks by his prior commitments, a higher retirement age remains a possibility. Any change could have sizable effects on retirement planning. Comparing previous campaign commitments with policy proposals can give you a clearer picture of what may lie ahead. 

Worried about how these shifts could affect your financial future? A financial advisor can help you stay ahead of possible reforms and safeguard your retirement plans.

Campaign Promises vs. Policy Proposals

Trump has clearly stated he will not raise the retirement age or cut Social Security benefits. In a 2023 message, he told House Republicans, “Under no circumstances should Republicans vote to cut a single penny from Medicare or Social Security,” emphasizing he would not raise the retirement age or reduce benefits. His campaign promises have framed retirement-age changes as politically off-limits, reinforcing his stance that seniors deserve to pay nothing extra for the benefits they’ve already earned.

Despite Trump’s vow, other Republican-aligned groups have floated proposals to shift the retirement age upward. The House Republican Study Committee (RSC) recommends gradually raising the full retirement age from 67 to 69 for workers turning 62 by 2033. Conservative institutions like the Heritage Foundation and Project 2025 support even higher retirement age thresholds, linking retirement age increases to longer life expectancy, potentially moving it toward 70. 

According to analyses backed by the Congressional Budget Office, shifting the age to 69 could reduce lifetime benefits by up to 13%. While proponents say the move can slightly extend Social Security’s solvency, the CBO estimates that it would not delay the projected exhaustion of the combined OASDI trust funds in 2034.