Social Security recipients face looming benefit cuts. Can the program be saved?

TL;DR

Social Security's trust fund is projected to run out of money in six years, necessitating benefit cuts.
Experts agree the program's financial problems are fixable through adjustments to revenue and benefits.
Proposed solutions include eliminating the Social Security tax cap, increasing payroll taxes, raising the retirement age, cutting benefits for high-income earners, and taxing investment income.
Eliminating the tax cap could close 22% to 67% of the funding gap.
A 4.6% payroll tax hike could erase the gap entirely.
Raising the retirement age could address 16% to 64% of the funding gap.
Cutting benefits for high earners could close up to 9% of the gap, while capping benefits could close 20%.
Taxing investment income, as proposed by Senator Bernie Sanders, could fully close the funding gap.

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