Social Security Across Generations: Benefit Cuts Will Fall on Today's Children and Grandchildren

By: Virginia Reno and Elisa Walker
Published: January 2011

This fact sheet explains how the children and grandchildren of today's retirees would bear the brunt of the benefit cuts currently being proposed by some policymakers and commentators. It outlines how raising the retirement age means lowering benefits at any age they are claimed, which many people don't realize.

The fact sheet also compares retirement benefits under current law to benefits under the plan proposed by the co-chairs of President Obama's fiscal commission.