alt Hacker NewsProblem is, Social Security will be solvent until 2037 at current prediction which means it goes insolvent when youngest boomer is 73. So basically most of them will get all their Social Security, die and leave Gen X to get fucked.
Problem is, Social Security will be solvent until 2037 at current prediction which means it goes insolvent when youngest boomer is 73. So basically most of them will get all their Social Security, die and leave Gen X to get fucked.
Fortunately insolvency in this scenario mean that they will only be able to afford to pay around 3/4 of promised benefits.
Closing that budget gap is a problem that will need to be dealt with, but it's not impossible to fix and it's a fairly long way away. There are a lot of proposals going around for how to fix it and those will become more politically palatable as it gets closer.