Whether Depletion constitutes crisis depends on where you are sitting. Under current law at Depletion benefits are automatically reduced to whatever level then current Social Security income sustains, a level that currently projects at 78% of the scheduled benefit. On the other hand the current benefit schedule would have a 2040 benefit 160% in real terms of what a similarly situated retiree gets today and by application of Rosser's Equation we have 78% of 160% = 125%. So 'crisis' is here defined as '25% better check than my Mom gets today'. While it is a nice feature of Social Security that each generation gets a better outcome you have to ask whether the difference between 25% better and 60% better rises to the level of national priority when we have 47 million people uninsured. As an example a person scheduled to retire in 2041 would be 33 today and likely to have young children and moreover have plenty of time to plan for retirement. Telling that young parent that his retirement check 33 years out is more important than funding his childrens' education or health care is on examination kind of absurd. And yet that is where 'crisis' takes us.
Now lets move up the age scale and see what a 2041 crisis means to someone currently 66, or 55, or 44. If I am 66 and preparing for full retirement next year the prospect of a benefit cut 31 years out isn't exactly scary and even less so if the proposed cures include phased in cuts in between (as most 'reform' plans do). I'll be very lucky to still be kicking at 97. Similar considerations hit for the 55 year old, mortality tables suggest that half of his cohort will be dead and most of the rest on the way out, any 'reform' plan that carries some combination of tax increases and benefit cuts is just going to hit you twice. Now a 44 year old is on the cusp, she is likely to still be drawing benefits in 2041, but on the other hand she is looking at a potential of 23 years of higher taxes until retirement in 2031 coupled with ten years of whatever phased in benefits cuts might be required to 'save' Social Security. On balance none of these people have a reason to move on Social Security, 'crisis' in numeric context is no crisis at all.
But now let's move down the age scale and see what a 2041 depletion crisis means to someone 22, 11, and 1 years old. Time to bring in some numbers.
Under Intermediate Cost assumptions, Social Security starts drawing on the General Fund in 2017 as income from taxation lags total cost. Initially this just takes a portion of the interest due but mounts until in the mid 2020s all accrued interest is needed at which time it becomes necessary to start redeeming the principal. Eventually by 2040 this transfer from the General Fund reaches $806 billion. (Which is a lot of money but when adjusted for inflation works out to $335 billion in inflation adjusted constant dollars or less than they typical Bush deficit.) But then the obligation effectively ceases, after an additional transfer of $267 billion in 2041 the legal obligation on the General Fund simply stops. Result? $806 billion tax dollars suddenly freed up.
Which gives the taxpayers of 2041 some choices. They can examine Rosser's Equation and figure that 78% of 160% = 125% is just not that bad a deal for Grandpa and so use that $806 billion somewhere else, say to shore up Grandpa's Medicare, or maybe they will just take it back in the form of a tax cut, or some combination of spending and tax cuts.
So where does that 22 year old fit in this picture? Well he is not retirement eligible until 2053 and so has a full 12 years of an effective tax cut in exchange for potentially having to take a somewhat lower retirement. At worst it is a near wash. And the 11 year old of today? In 2041 he will only be 44 and maybe more inclined to take his chances funding his IRA than continuing to pay General Fund taxes to bolster Social Security.
When you sum it all up there is only a narrow band of people on either side of 30 for whom a crisis defined as a minor cut in real benefits 32 years out even makes sense, and that would have to be weighed against other uses for that current payroll dollar. As for Boomer's and Millennials both there is exactly zero reason to move on this front.