The “elderly” who are, statistically, the wealthiest people in the country will vote against anyone who dares to change their beloved socialist security and mediquack programs. The baby boomers will do likewise as they are currently getting ready to descend upon the treasury to get theirs.
I’m afraid you’re correct here. Baby Boomers feel absolutely betrayed - I have little to nothing in the fund (I’m 34 and have no SS benefits) so I can easily say “Away with them!”. But to someone who has watched money be removed from their paychecks for decades wouldn’t, nor should they, allow the benefit to be compromised.
Lots of people are going to lose. Sorry. It was a bad investment to begin with.