Social Security is a great idea.
Age requirements for Social Security not being adjusted to account for changing demographics and healthcare technology because of politicians sucking off the AARP is not.
When FDR implemented social security, retirement was at 65, and life expectancy was 63.
In 1950, retirement was at 65, and life expectancy was 68. The average worker worked for 45 years and collected 3 years of social security.
In 1960, life expectancy was 70.
Now the life expectancy is 78. A worker works for 43 years (incl college), and collects for 13 years. The ratio for working years:retirement years has fallen from 15:1 to just 3:1.
That's the real reason social security is insolvent.