If nothing is done to improve Social Security, what can a 25-year-old expect?

Question: If nothing is done to improve Social Security, what can a 25-year-old expect?

Answer: Unless changes are made, when today’s 25-year-old reaches age 63 in 2042, benefits for all retirees could be cut by 27 percent and could continue to be reduced every year thereafter.

According to the Social Security Administration, a person who lives to be 100 years old in 2079 (which will be more common at that time), could have scheduled Social Security benefits reduced to 33 percent below today's scheduled levels.