Economy

People who are currently 52 will see these reductions, meaning that they were born in 1970. The birth rate hit a nadir in 1973, before beginning to climb again for another eighteen years. This means that, even without doing anything, the overall ratio of those receiving funding vs. those paying into the fund will temporarily rise a bit for a few years before the trend reverses itself by about 2038. If the Republicans would stop raiding social security, the fix should be a minor (maybe 1.5%) temporary increase in social security taxes by about 2030 that would expire by 2040. It's not really that big a deal. Of course, there's always a lot of gloom and doom about social security by the Right because the Wall Street casino operators want to "manage" those trillions in retirement funds into their own accounts, and that can only happen if people think that the program is a failure. when it is in fact one of the most singly successful social program ever created in the US.