The Brief

The Trump administration is reportedly considering many options to avoid Social Security insolvency, which includes raising the retirement age.

When asked if he would consider raising the retirement age during a FOX News interview on Thursday, Social Security Administration Commissioner Frank Bisignano said, "I think everything’s being considered, will be considered."

Could Social Security reach insolvency?

Why you should care:

FOX Business , citing Social Security Administration data, reported that Social Security’s two main trust funds, the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) funds, are projected to reach insolvency by 2034.

This is partially due to the number of workers to retirees has dropped over time from 16.5 workers per retiree in

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