Members of Congress are once again discussing possible cuts to Social Security—a vital program that serves nearly nine out of ten people age 65 and older. Given its importance to retirement security, cuts to Social Security would have a devastating impact on retirees in their old age, as well as to survivors and disabled workers. But the consequences would be especially bad for low-income and Black Americans, who have lower retirement incomes to begin with and who are more likely to rely on Social Security in their older age.
It’s time to view Social Security through the lens of what the American public needs. That means ensuring that the program is financially secure, and making changes to it that are based in equity and consistent with what Social Security was designed to be.