We Must Fight to Preserve Social Security for Millennials

Image: Penn State/Flickr Creative Commons (https://flic.kr/p/MzurY5)

If you’re a millennial, you may have been led to believe that you have a better chance of seeing a UFO or Bigfoot than receiving a Social Security check. In a recent survey, some 80 percent of millennials are concerned that they won’t be able to receive any Social Security benefits upon retirement.

With the steady drumbeat of dystopian disinformation flowing from Social Security’s opponents and many in the media, who could blame them? No wonder the young adults I talk to at town hall meetings across the country tell me the same thing: “Social Security will not be there for me when I need it.” Let me assure the U.S.’s young people that Social Security will be there for you in the future, if you fight for it now.

Don’t listen to so-called “entitlement reformers” who try to divide the generations by telling you it’s unfair that millennials “support” today’s retirees through Social Security payroll contributions. This ignores the fact that the program has always been a compact between the generations — and has provided Americans with basic income in retirement for more than 80 years. Social Security is the bedrock of the U.S.’s working and middle classes. We can’t allow conservative ideologues to erode it.

In fact, there is another path forward, championed by Rep. John Larson (D-Connecticut) and Democratic presidential candidate Sen. Bernie Sanders (I-Vermont), among others in Congress. Both have introduced legislation that would put Social Security on a solid financial footing for the future while providing a modest but much-needed boost in benefits. Each bill would adjust the Social Security payroll wage cap (currently set at $132,900) so that the wealthy would begin paying their fair share into the program.

Full story: Truthout »

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