The environment is ideal for Social Security reform, with one exception.

It feels like the 1980s once more. And that could present a chance to alter Social Security.

Before Social Security reform took place in 1982, there was high inflation, a volatile stock market, and a recession. Now that conditions are becoming more comparable, will reform ever begin?

According to analysts, the economic environment today is quite similar to that in the 1980s, when Social Security saw its most significant adjustments.

While this may serve to inspire a new wave of reform, the political environment today may make change impossible anytime soon.

The Social Security payouts were taxed, federal employees were first covered by Social Security, and the retirement age was raised. These changes all took effect in 1983.

"Social Security had its most significant adjustment in history when inflation was this high previously."

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