NO! Social Security, in the United States, currently refers to the Federal Old-Age, Survivors, and Disability Insurance (OASDI) program. Social Security can be saved solely by means testing. By the time you Retire at age 65, most of you will have no house payment, no car payment, no student loans left to pay etc. MOST of you will also have a 401(k) or other retirement pension that you set up through your employer, or yourself. Social security was meant to be an INSURANCE. It was supposed to provide for people who got to age 65, who had worked jobs that had no retirement like service sector jobs in the food industry etc. Now believe it or not it is MOSTLY rich white guys like Forbes that have advocated for Means testing Social Security. Charles Schwab believes in Means Testing. I have heard this idea compared to fire insurance. You MUST have fire insurance for your house but you only get to benefit from it IF YOUR HOUSE BURNS DOWN. Same for Car Insurance and every state government in the US mandates it. You don't get that money back if you drove safely the whole time. My grandfather retired from the Nuclear Regulatory Commission with a pension, he had also invested in the stockmarket and was getting lots of money every month after he retired. His house was paid for and his car had been paid for for decades. He didn't need the Social Security and should not have gotten it. My father won't need it either and knock on wood neither will I. Topspin doesn't need it, Forbes, Jobs and Gates don't need it. I don't know where the cut off should be for those that need it and those that don't, I am a lawyer not an economist. But I do know that there are 10's of thousands of people that don't need it and should not be eligible.
