The Social Security program has transformed the country's seniors, once the most destitute group in society, into its most prosperous. With all the benefits that come from the program, it is no wonder that the eminent threat of Social Security bankruptcy is disturbing and a hot political issue. As of recently, professionals began predicting that the program would go broke as soon as the oversized baby boom generation entered its "golden years." There are critics on both ends of the spectrum in regards to the so-called "Social Security Crisis." It is in my opinion that the program will prevail, and our economy will make the necessary adaptations to ensure this.
             First, the baby boom generation is larger than the generations before or after them. As the baby boomers age, the number of people 65 years old and over will increase from approximately 34 million currently to about 69 million by 2030. The elderly population will increase from 13% today to 20 % by 2030 when the baby boomers will be in retirement (1:2). Also, the generation, which is in retirement by 2030, is expected to live about 50% longer after age 65 than the generation who retired around 1940 (1:3).
             These simple numbers are showing the United States that something needs to be done, and it needs to be done soon. By having such a consistent rising population, things are going to get worse faster than they get better.
             There have been two ideas in support of helping this problem. One involves trillions of dollars in tax increase, and the other in the side of reform. The concept of privatization says workers could make more money if they invested their payroll taxes in the stock market. This seems like an effective way to ease the strain on the system. The returns on the stock market with compounding interest far exceed Social Security benefits.
             My opinion is that there is a crisis in the not too distant future
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