> The fact is that Social Security is in trouble: the pay-as-you-go plan doesn't work with an increasing lifespan. The situation is not ideal, but it isn't cat

> The fact is that Social Security is in trouble: the pay-as-you-go plan doesn't work with an increasing lifespan. The situation is not ideal, but it isn't cataclysmic: > The authors of the most recent report even took their calculations out to the year 2095. At that point, they estimate payroll taxes should still be able to cover 74% of payouts to Social Security recipients. * https://awealthofcommonsense.com/2021/09/can-young-people-still-count-on-social-security/ https://awealthofcommonsense.com/2021/09/can-young-people-st... The report in question: * https://www.ssa.gov/OACT/TR/2021/tr2021.pdf https://www.ssa.gov/OACT/TR/2021/tr2021.pdf Two possible solutions (non-exhaustive): increase pay cheque contributions, use general revenues to make up the shortfall.