Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
It’s not exactly that I’m buying into it disappearing is a foregone conclusion - just that if something doesn’t happen to proactively protect and improve the system, than yeah, it’s in big trouble in the next decade. And my personal bias puts my main concern on the people who rely on it for disability insurance since they are some of the most vulnerable. Of course I want what I paid into it myself later in life, but at least I can see it helping those close to me for some consolation if it doesn’t.