Social Security may face funding gap by 2034

week marks 90 years since Social Security came to be. But will it be around for another 90 as it faces a looming shortfall in money to pay full benefits? 22 News reporter Nick Antakis joins us live in studio now and has the latest on the benefit. Nick Carara. The conversation of Social Security disappearing has happened before, but how threatened is its future right now? Social Security, a benefit used by 67 million Americans every month and one that's existed for 90 years, but its future might be in question. The worry about Social Security now is that there's not enough money going in. So, there's worries that benefits down the road in 2033 or 2034 might get cut back as much as 19%. What Mark Ted, the senior vice president at Raymond James, is referencing is the so-called go broke date or when social security won't have enough money to pay full benefits. That has been moved up a year to 2034, says the Associated Press. Ted says to keep it alive, the US may have to raise the age you could start receiving benefits at from 62. He also says while it's more difficult means testing social security meaning not giving it to those who don't need it could also be a restructuring option. But if they shrink the program there might be a revolt in the streets. Any change that would negatively affect people that have already paid in for so long would be met with very negative response. You might see 85year-old people out in the streets protesting. With all the talk of whether or not social security will be around for your retirements. What are politicians doing about it? President Donald Trump said at an Oval Office event commemorating Social Security's 90th anniversary that quote, "We're strengthening it." Regardless, the president has not yet proposed a long-term solution to protect the program. Massachusetts Congressman Richard Neil does not want Americans to stress. I will make this flatout promise. I wouldn't vote to cut a dime from Social Security. It works. On 22 News at 6, we'll hear from Congressman Richard Neil about what he plans to do to keep Social Security funded. working for you. Nick Antanakis, 22 News.