Equitable ways out of the S.S. mess have been proposed - the latest by G.W. Bush - and shot down by members of Congress who love incumbency. Decades from now, I'm afraid you'll be replying this lament to a disgruntled Gen-Yer.
My father retired at 65 and died at 76 ... he lived long enough to collect every cent he put into S.S. I'll have to live to 103 to recoup mine. I can only sympathize with the dire circumstances of Gen-X, Gen-Y, and those lower on the Ponzi pyramid.
Decades ago (I'll assume you mean the 80's) you had around 9 workers paying for each retiree. Now, it's a 3:1 ratio. And the tax rate has gone up since then!
Trust me, Gen X is feeling more pain relatively than you were decades ago!
Gen Y (almost as large as Baby Boomers) will vote in Euthanasia!