In This Chapter
Looking at Social Security’s protections for young people
Understanding the growing value of guaranteed benefits
Appreciating Social Security’s role in fighting poverty
Recognizing that benefits for older Americans help everyone
If you have years until retirement, you have a vital stake in the future of Social Security, and this chapter explores many of the reasons why. For starters, proposals to modify benefits — such as by raising the retirement age or reducing benefit levels — usually are designed with younger workers in mind. (Policymakers have traditionally felt that changing the rules for current retirees or workers who will soon join their ranks is unfair and that young people have time to plan.)
Whatever you may think of the nation’s budget issues and how best to address them, it’s worth knowing that future beneficiaries would feel the brunt of proposals aimed at curbing Social Security benefits. If you’re a young person, that future beneficiary is you.
But younger Americans have a stake ...