We won't see a dime of SS. The majority of the gen X gen Y population won't see a better standard of living than their parents. As stated, we are free agents increasingly competing against the global gen x gen y population, with a continuously lowering pay scale due to labor supply and demand scales moving closer to perfectly fluid.
We've got fewer options, extended studies until we have a post Masters degree while working, or moving into a field where distance to customers negates offshoring. Either climb the (ever smaller percentage wise of total workforce) corporate ladder, get a government job, or learn a trade and field and start a business by 40.
What really pisses off Gen X people are the trade deficits, and the fact that baby boomers and our grandparents generation are racking up trillion dollar debts that we will have to pay off, plus interest, from our paychecks, every paycheck, for the rest of our lives, AND OUR CHILDRENS' LIVES.
The boomers and their parents have entitled themselves to the highest level of economic prosperity the world have ever seen by bankrupting their nation and enslaving their descendants to debt obligations.
Entitled, my ass, the tax burden on our generation is going to be staggering, and the beneficiaries of the government largess will be boomers and foreign creditors.
There have been several studies that predict the US taxpayer will soon be paying well over 66% of income to taxes. To pay off the debts of previous generations.
Then you guys need to get into the political process, make your voices heard and demand what you want. Only those who are loud get heard. So speak up. Tell the powerful what you want and back it up with your collective votes. There is still hope and there are older people working for the same thing you want. Debt paydown, etc. It is not one generation against another although there are a lot of jerks all around.