[lotsofpulp]

I assume they already are. Not just from explicitly benefit reductions like increasing the retirement age, but also the decreasing purchasing power of a dollar (inflation) outpacing any cost of living adjustments. I still have 35 years to go before I can collect, but I expect the demographics will be so tilted by then, that I will see little benefit from Social Security.

[1123581321]

In the sene that SS is a broken pyramid model that depends on short retirements and population growth, yes. However, this is not a problem the US is willing to contemplate as they would removing the payroll cap, which would become a significant national conversation.

Inflation, not so much an issue, since benefits and maximum contributions receive COLAs and theoretically wages are inflating at pace with CPI.