As of today, PHP 7.4 is end of life, which means the PHP 7 version is now officially retired.
Some distributions will backport security patches, but really, it’s time to move on. If you want more info on PHP 7 options, there’s a great thread on LowEndTalk by @lewellyn that has links.
How much this affects you depends on how you use PHP.
Are you mainly an admin? If so, the good news is that PHP 8 has had a couple revs and you may find that a lot of packages “just work”. There may be some config stuff on your server, though even this has been streamlined in many distros. For example, on Debian’s /etc/alternatives system should handled switching the php-fpm.sock symlink.
If you’re primarily a developer, then you should already know about PHP 8 since it’s been out for two years. Heck, just having named arguments (new in PHP 8) should motivate you to switch ASAP! You might scan the Backward Incompatible Changes and the PHP guide on how to migrate to 8.0.
RIP PHP 7!
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I enjoy writing technical articles here on LowEndBox to help people get more out of their systems. You can find me on LowEndTalk @raindog308
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I was surprised when I received this information.