I have not really thought about it. I would think if changes have to be made that would come into play for those that have not reached social security age. More would be taken from their incomes to fund their retirements. As for us, already drawing and met the requirements, they should not be allowed to lower ours to make way for those still in the workforce. In any case, I don't expect to see that in my lifetime but for future generations, they will learn they have to plan for old age just as we have done. Some of us are/were better prepared than others. It is sad but it is true.
I think so many just did not really understand how it is/was so important to be prepared. Of course we know that social security does not guarantee us a certain standard of living but niether did our jobs. It is always important to be cautious with our money, even when we are young. Just because you have the money does not need you need the "thing". I am still frugal, I rarely puchase anything I want, I focus on paying the bills that are my reality.
No, I do not need fancy shoes, handbags, cars, clothes, makeup, of beauty services. Did not do it when young, do not do it now. So many of our young people think that those things are all that matters in life. Keeping up with the Jones, not being honest with themselves. Pay me now or you are going to pay later when you have not saved and invested for your future. As we all know, when you get old, have health problems money can just flow out the door like a river.
It can be a struggle for so many to keep a roof, food, just the basic things.
I am sure if many could go back they would have made different decisions and been more prepared. I would also say that there are those out there did not choose this, circumstances beyond their control have determined their retirement. I do not currently think the government is doing enough to take care of those struggling, many will disagree, but I can see myself there without the grace of God. No one should have to go without housing, in hunger, need of medical care IMO.