Social Security will celebrate its 88th birthday later this year. The federal program remains similar in most respects to how it functioned when it started.

Sure, there have been some changes along the way. For example, the full retirement age was increased from 65 to 67. Cost-of-living adjustments (COLAs) used to require congressional action; now they're automatically applied each year. But the Social Security program of 2023 still looks basically as it did back in 1935. 

That perhaps won't be the case indefinitely. A top Republican wants to make the most dramatic change to Social Security ever.

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Source Fool.com