Social Security Now Expects Shortfall Earlier, in Late 2032

CurtHagenlocher

GenX here, and yep: this is what we were promised.

WheelsAtLarge

BS, watch how they somehow get the funding. Old people vote and they will make their unhappiness known to every elected official even if the official can't do anything about it. The coming generations are the ones that will feel the pain. It's likely that SS will switch to a partial stock market funding. Where some of the money the government deducts will be invested in the stock market.

exabrial

Social Security such a Ponzi scheme. At least, proper reform should be elective. One can either pay in, or make it mandatory that part is invested privately. I'll pay in probably something like $250k-$500k in, and I'll doubt I'll get even the principal amount out. If I were in charge of investing my own social security, I'd end up with millions.

while_true_

Put a tax on AI for each human employee it displaces. Estimate the human labor equivalent of AI each year and levy a tax to replace Soc Sec and Medicare revenue no longer received. Benefits need to be funded for existing retirees and they need to be there for younger generations too.