"Actually, Gen-X is a small generation so no matter how many of us our educated, we will never be able to support the retirement of the boomers...."
"Generation X" doesn't have to support the "Boomers".
Every employed person in America pays into the pot.
There were more students in public school, elementary to high school in 2003, than there were in 1970.(49.5M to 48.7M)
Immigration figures into all this as well.
Every employed person in America pays into the pot.
No. It's a pay-as-you-go system.
There is no 'pot'. There is no Al Gore 'lockbox'.
The money going into SS are paying current benefits to retirees at the rate of 4 workers for every 1 retiree. When the boomers start retiring, it will go to 2 workers for every retiree.
SS depended on larger generations of workers in a growing economy. Who knew that the boomers wouldn't have enough kids to pay in?