With hopes of avoiding Social Security insolvency, the Trump administration is reportedly evaluating all available options, including raising the retirement age.

"I think everything's being considered, will be considered," U.S. Social Security Administration Commissioner Frank Bisignano said on "Mornings with Maria" Thursday.

"Remember, most people told you and I Social Security wasn't going to be around," he continued. "And so the generations that are coming in will probably have a different set of rules than we had."

Social Security's two main trust funds are projected to reach insolvency on a combined basis in the first quarter of 2034, in part because the ratio of workers to retirees has declined over time from 16.5 workers per retiree in 1950, to 3.3 in 1985, and about 2.8 in 201

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