Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
The adjustment is likely to be announced this week and expected to be around 9%. It's welcome news for recipients struggling with inflation.
But inflation will eat into the raise.
The origin story of 65 can be traced back to the 30s, when President Roosevelt sought to make retirement available to everyone.
Undocumented immigrants contributed an estimated $13 billion into Social Security funds in 2016.
Using an index that's representative of retirees would mean a bigger monthly check, but it's a tough sell.