One of the main challenges facing Social Security benefits is the aging population and the increasing number of retirees compared to the number of workers paying into the system. This demographic shift is putting a strain on the program’s finances.

One potential solution is to gradually increase the retirement age to reflect increasing life expectancies. Another option is to adjust the payroll tax rate or raise the cap on earnings subject to Social Security taxes.

One way to make Social Security more sustainable is to explore options for investing a portion of the Social Security trust fund in higher-yielding assets. This could help increase the program’s long-term solvency.

Individuals can play a role in ensuring the future of Social Security benefits by staying informed about the program, planning for their own retirement, and advocating for policy changes that will strengthen the program for future generations.