Generation X is about to face the biggest Social Security decision — and tens of thousands of dollars are at stake for each person

Gen X is also reaching retirement age at a time of potentially strong economic headwinds. Besides high inflation, stock-market volatility and job instability, there’s also the threat that Social Security will become insolvent by 2033 or 2034, that Medicare will face cuts and that other social safety nets like Medicaid could be decimated. Still, Hannon thinks that those scenarios will not come to pass, and that politicians will eventually fix these issues. “Every single person I talk to in this field gives m ...