Conceived more than 60 years ago, the plan is on a path to failure because politicians promised more than future wage earners can deliver. People are living longer and believing they are entitled to a yearly increase in payments. The Trust Fund Mere tinkering around the edges will not save Social Security. We need a major overhaul. Members of a Social Security review commission appointed by President Clinton think so.
Many people nearing retirement think so.
Most young people think so. In fact, more of them believe in flying saucers than believe that Social Security will be of any value to them when they retire. Let's encourage people to take care of themselves. Many financial experts believe some or all of that money could and would be better invested by the workers themselves. But privatization is not universally approved.