Looks to me like every one of us is going to have to take a whipping over it while we phase it out, reduce contributions dramatically from youngest to oldest, and cut off those that don’t “exist” on it. That allows youngest payers to save for their own retirements in time, while those in their 30s-40s — the ones who are REALLY going to be screwed — still get a tiny portion of what they put in, while having a tiny bit more during remaining working years to contribute to their own funds. Ponzi schemes run by governments never do any of those things you say. They just get refunded and refunded. It will never collapse. We’ve got to phase it out.
Yup, I'm 34 and I expect nothing from Social Security at this point.