Moneywise and Yahoo Finance LLC could earn fee or income via hyperlinks within the content material beneath.
With the Social Safety belief fund heading for depletion in simply six years, in response to the Committee for a Accountable Federal Price range (1), there is a rising flurry of coverage solutions to repair the issue earlier than it is too late. However for an amazing majority of seniors, one potential answer to the issue stands out above all the remaining: elevate taxes on youthful Individuals.
A whopping 89% of seniors over the age of 65 stated Social Safety advantages needs to be protected at present ranges, even when it means greater taxes on youthful Individuals, in response to a 2025 survey by the Cato Institute (2).
Prime Picks
And it isn’t simply Child Boomers preferring this answer. Roughly 74% of 45 to 54-year-olds and 84% of 55 to 64-year-olds stated the identical. Merely put, you are extra prone to want greater taxes on staff in the event you’re nearer to the top of your working years.
Maybe unsurprisingly, staff on the opposite finish of the age spectrum have one other thought: profit cuts. “Youthful Individuals are almost eight instances extra doubtless than seniors are to help profit cuts to assist resolve the monetary issues within the Social Safety system,” Cato famous.
This is a more in-depth have a look at how this generational divide may influence your advantages and taxes.
The gerontocracy’s influence in your funds
Since there is a clear generational divide over potential fixes to the Social Safety system, the group with extra political clout is extra prone to get its approach. And in 2026, the stability of energy clearly tilts in direction of older Individuals.
The median age of U.S. voters is 52, in response to the New Yorker Journal’s put up on Threads (3). For primaries, the median age is even greater: 62. “The oldest voters ordain the alternatives for the remainder of us,” in response to the publication.
That is additionally mirrored on Capitol Hill. In Congress (4), the common age of Members of the Home is 57.9, whereas the common age of Senators is 63.9. Donald Trump himself is 80, making him one of many oldest nationwide leaders on the earth, in response to Pew Analysis (5).
Merely put, the system is trying more and more like a gerontocracy, or a society the place choices are made by its oldest members. The worry right here is that these on this bracket will make decisions that profit themselves, whereas leaving younger folks behind. This might be mirrored in insurance policies that stretch far past simply Social Safety, and has been raised as a problem by some consultants.
