Social Security pays cash support to earners who pay into the fund and reach retirement age. At present contribution and benefit levels the Social Security Trust Fund will be depleted around 2035. Consider two policy alternatives.

1. Allow benefits to fall by 25% for all present and future beneficiaries starting in 2035 and continues on from there at current contribution rates.
2. Keep benefits constant and substantially increase required contributions from current workers to makes up the shortfall.

Contrast the intergenerational equity considerations of these two responses to this problem. Which option is fairer?