Eh the truth is every penny our generation pays to social security is a penny we'll never see again. It makes a lot of sense to raise the eligibility age since people are living a lot longer than they used to, but that is very hairy politically... they're currently striking over that in france, where the retirement age is lower and life is cushier.
A lot of people suggest privatizing social security, but I'm pretty convinced that isn't a realistic solution at all. OK let's say SS had been privatized decades ago. Three years ago, a massive number of americans lose their money in the subrime crisis... if they hadn't lost it in the dotcom bubble, right? So where do they go, the government. And the gvmt isn't going to let them starve. So now instead of paying for everyone, tax payers are ONLY paying for people too stupid to invest their money properly.
The big question to me is how does social security die? Will I be throwing money into a bottomless pit until I'm 35 or 55?
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