Inflation is the only way out. Devalue a $1,000 Social Security check by 10% and now it only buys $900 but the actual check amount fools the recipient because it is still $1,000. Do that year after year and the $1,000 check will only buy a few hundred dollars in value. This happened in 1978 through 1983 when there was 50% inflation over those 5 years and grandma was eating dog food to survive. What if the inflation rate was 50% a year. That is the only way out of this mess. The unions have been too successful at getting retirement packages that are unaffordable and SS funds are stolen as they come in. Hyper inflation will take care of it though and grandma will move in with her kids or pitch a tent.
And pray you don’t get dementia or become physically disabled because the new “retirement” age will become 80.
Systematic Inflation is the only way the government can meet it obligations. Social security will still pay the $2000 month check but it will only have a percentage of the value that was original paid in. The real question is how much will inflation eat up when you get your check? I figure 60% when I start getting mine.