Social Security is the most essential and well-functioning part of the U.S. retirement system. Any reforms to federal retirement policy—while necessary and long overdue—must be built on the foundation of a protected and strengthened Social Security system. More than 60 percent of adults 65 and older receive most of their income from Social Security and all recipients benefit from the annuitized income the system provides. Despite calls to cut benefits and misleading claims about its finances, Social Security should be bolstered and expanded.


Davis, Owen F., Siavash Radpour, Eva Conway, and Teresa Ghilarducci (2022). “Retirement Reforms Are Necessary—So Is Strengthening Social Security.” Policy Note Series, Schwartz Center for Economic Policy Analysis at The New School for Social Research.