As it stands
SS using the midpoint assumptions would be cut 25% in 2041 and decline slowly over time in real terms to about 30% if nothing were done. This is actually more attractive than most of the proposed solutions. Most just propose other means of cutting the same benefits such as raising ages. Eliminating the cap would almost entirely solve it and is most likely what will be done for that reason. Means testing, in contrast, would accomplish next to nothing, but is usually proposed by those against SS to stir up some opposition to it. Meanwhile, if low cost projections are correct, there is no problem at all.