The way I see it, we’ll have a debt crisis in 5 years or so. Congress will come to an agreement to reduce social security payments by 33% for everyone. But nothing will happen until the markets demand it.
It’s going to be inflation, spending freezes and tax hikes.
The result is going to be Japan like anemic growth for an extended period of time.
Social Security isn’t the problem, it’s Medicare and Medicaid. SS outlays are fractionally over what it takes in, Medicare takes in, IIRC, less than 20% of its outlays.