It’s not surprising that this midterm election season has seen its share of critics of our publicly supported system of retirement security. After all, Republicans and others have spent the past 30 years attacking Social Security and Medicare. But any reasonable analysis shows that the attacks are based on the phoney politics of intergenerational conflict.
A major rationale for these attacks is that older people today are much better off financially than younger cohorts, especially those under age 35, who have been badly hurt by the Great Recession and the slow recovery. In reality, though, younger and older people alike have suffered major economic losses. Neither group is likely to benefit from efforts to pit their interests against each other by claiming that cuts to Social Security and Medicare will somehow benefit younger individuals and families.
– The Learning Edge