With the November midterm elections fast approaching, Social Security reform should be a priority for both parties.

On its current trajectory, the program is set to run a $2.4 trillion deficit over the next decade and exhaust its reserves by 2034. With a waning worker-to-employee ratio, commonly proposed solutions like increasing funding or cutting benefits do little more than kick the can down the road. Instead, congressional leaders should be looking to enact lasting reforms. For an example of what those reforms might look like, they should consider the remarkable success of my home country, New Zealand.