Opponents of our Social Security system often justify cuts to the program by framing retirement security as a question of generational equity, and pitting the needs of today’s retirees against the futures of young workers—in particular, the millennial generation—by wrongly claiming that they will never see their benefits, but will instead be saddled with mountains of debt. In truth, however, our Social Security system works for Americans of all ages. This fact sheet explains why cuts to benefits, whether now or in the future, only serve to weaken the compact that Social Security creates between generations. To ensure that benefits are not only fully funded, but are also truly adequate for current and future beneficiaries, Social Security should be expanded, not cut.
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