[cimmanom]

And to keep social security solvent for GenX would require squeezing Millennials even harder by increasing the taxes or reducing payouts or both.

[pmoriarty]

Or, you know, the US could refrain from starting three trillion dollar wars, and cut the bloated military budget.

[ThrustVectoring]

That only buys time against the long-term trend of increasing retirees per worker. Which is great and all, but there's only so much military budget bloat to cut. Eventually you need either higher taxes or savings, more workers per retiree (eg, through raising retirement age), higher worker productivity, or lower real consumption by retirees.

[ThrustVectoring]

Reducing future payouts doesn't make Millennials worse off today from an analysis of the flows of real goods and services. At most, it means they need to save more to maintain the same expected standard of living at retirement, which ends up bidding up asset prices and thus indirectly subsidizing retirees currently selling assets.