The president says if you're 55 and older, social security won't be changing.
But for the rest of us, brace yourselves.
In the good old days 40 people were paying into social security for every person that was cashing in.
However, by the time most of us retire, only two people will be paying taxes while one of us collects.
Concerns, questions and comments about social security's broken system took center stage at a place with an audience filled with those you wouldn't normally expect to be concerned about the issue.
Inside this Wofford College auditorium, a forum headed by congressman Bob Inglis was an opportunity to get answers and ideas on a system that may not be around to depend on in the future. College students like Nora Nassri spoke up in front of a bipartisan panel about the issue.
"It seems to me like it would be putting at a disadvantage people the social security system is supposed to protect."
One solution to the failing system is a payroll tax increase which congressman Inglis says he's in favor of.
It would affect people earning 90 thousand dollars or more if congress decides to push the cap back to higher income levels.
Senator Lindsey Graham is one of the first republicans to come out and say, higher taxes must be part of the fix.