It is unsustainable in its current form. Of course you can cut benefits, raise taxes, raise age, etc to extend it for however long it makes sense. But it was designed for an evergrowing number of taxpayers, who'd support those before them due to strength in numbers. But as the tax burden grows, more and more people are going to be against it. I don't expect the majority of Gen Z will ever see a penny of it. I'm not sure I will, either.
If Gen Z never sees a penny from Social Security, it will be because of the loss of political will to protect Social Security as we know it. Which would only happen if this continuing misinformation campaign convinces the younger generations that they will never get anything from the program.
Social security can literally go on for centuries, just fine, as long as there is political will to keep it going.
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It is unsustainable in its current form. Of course you can cut benefits, raise taxes, raise age, etc to extend it for however long it makes sense. But it was designed for an evergrowing number of taxpayers, who'd support those before them due to strength in numbers. But as the tax burden grows, more and more people are going to be against it. I don't expect the majority of Gen Z will ever see a penny of it. I'm not sure I will, either.
If Gen Z never sees a penny from Social Security, it will be because of the loss of political will to protect Social Security as we know it. Which would only happen if this continuing misinformation campaign convinces the younger generations that they will never get anything from the program.
Social security can literally go on for centuries, just fine, as long as there is political will to keep it going.