Approach used to avoid program's collapse is to increase the age at which someone can start collecting Social Security.
In the United States, Social Security is a federal program that offers retirement benefits and disability income to eligible individuals, as well as to their spouses, children, and survivors. Workers must be at least 62 years old and have contributed to Social Security for at least ten years in order to be eligible for retirement benefits. The amount of these benefits varies from person to person and is based on your average indexed monthly earnings (AIME) over your 35 highest-earning years. For those with low incomes and less opportunities to save and accumulate pensions, such as Black and Latino employees and their families, who experience greater rates of poverty both throughout their working lifetimes and in old age, Social Security is a crucial source of income.
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