If what you write is true (and I have no reason to doubt you), then the struggling system is in even more trouble than I thought. This is not reassuring.
I did a lot of research on this. Found out I was badly misinformed. Very humbling. It also turned me into a supporter of Social Security. I think it is a great program that has kept a lot of Americans out of poverty and allows people to retire and age with dignity, instead of having to rely on charity from their family or strangers.