I think the best that could be done is new 18 year olds Can transition to a 401(k) type deal but the problem is that they already have the retirement in a 401(k) with a job so there’s really no guarantee that they’ll have money at the end of the day for retirement either. I’m glad I’m in my 50’s. These next generations are so screwed. I feel for my kids and even more so my grandkids.
I good first but very timid step is to go back to allowing THE $2000 IRA investments to be directly deductible again. I think Biden led the charge back in the late 1980s on removing that deduction. Another very timid step would be to make SS benefits not taxable again. That would tax some “pressure” for increases off the system. I believe Biden was also responsible for making it taxable.
The bottom line is the Rats want you dependent on government largesse! Gives them an automatic constituency.