Gen Z would rather cut Social Security benefits for current retirees than pay higher taxes to save the program
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Gen Z would rather cut Social Security benefits for current retirees than pay higher taxes to save the programListen(7 min)Listen(7 min)Social Security may be a program for a majority of American workers, but younger generations are balking at paying more to secure the faltering system if it doesn’t guarantee them their own benefits in the future. The program’s trust funds are expected to run out of money by 2034, at which point benefits would be cut by about one-fifth, according to the 2025 Social Security trustees report. Congress has never let Social Security miss a payment, but legislators will need to agree on reform tactics to shore up the funds needed to keep the program solvent. About the AuthorAlessandra Malito is a retirement reporter based in New York. She holds the Chartered Retirement Planning Counselor™ and Chartered Financial Consultant® designations. You can follow her on Twitter @malito_aliCopyright © 2025 MarketWatch, Inc. All rights reserved.