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Private savings rates have been trending consistently higher for the last 15 years, and are presently at their highest rate since mid-2012. You want to preserve social security? Privatize it. Give younger workers an opt-out provision. Allow participants to take ownership of how their contributory assets are invested. Eliminate the provision that allows ex-spouses to collect benefits from previous marriages.

Also, at what age are you going to enjoy the money the most, 62 or 71? The break even for those collecting early is generally 12-13 years after full retirement age. Do the math. Finally, the author completely ignores the value of investing the SS income from 62 to 66, then using that pot of money as an income stream, and ultimately passed on to beneficiaries. Imagine, an unsustainable government program that was formed with the best of intentions, but has metastasized into something that was never intended. Shocking!