Let’s talk about something many of us would rather not think about—but absolutely must. According to a recent Forbes piece, Social Security is projected to face a 21% across-the-board benefit cut by 2033 if Congress doesn’t act. That means the safety net so many Americans count on could have a much bigger hole in it than expected—right when we need it most. And the common “solution” we hear—just work longer—isn’t realistic for everyone. Yes, some may have the health, the stamina, and the workplace respect to extend their careers. But for many of us, especially Black women navigating corporate politics, ageism, health shifts, and caregiving responsibilities, that option is far from simple. Here’s what Forbes points out:
"Sandwiched" In: Why This Matters for UsFor Black senior executive women in midlife, this isn’t just about numbers—it’s about our ability to create stability in a season of transition. Many of us are in the “sandwich generation”—supporting parents and adult children while trying to protect our own future. A Social Security cut isn’t just a statistic; it’s a potential shift in our freedom, options, and legacy. We cannot afford to sit back and “hope it works out.” We have to design our future with intention—balancing career decisions, caregiving roles, and financial planning so that we’re prepared for whatever comes next. What's Changed: Accounts Being DrainedLet's start by being brutally honest about our financial picture. That picture may have changed if you are now supporting adult children or aging parents. Working with a financial advisor may be helpful to reframe the plan. Then explore the resources you have, including investments and home equity to ensure you create a softer place to land in retirement. And get active and advocate for policies that protect and strengthen Social Security. Because when you know your numbers, understand your options, and stand in your power, you’re not just weathering the storm—you’re steering the ship. About The Perry Report: The Perry Report newsletter is a newsletter dedicated to stimulating conversations on race, equity, leadership, and everything in between to enrich, educate, and transform lives. The newsletter is authored by Dr. Venessa Marie Perry, organizational psychologist, author, consultant, executive coach, and speaker. Dr. Venessa’s work focuses on partnering with people and organizations that want to advance racial equity through systematic, institutional, community-based, and societal change. If you want to learn more about our work and how we can assist you in organizational development, leadership development, racial equity, diversity, and inclusion, visit us here or book a FREE 30 minute discovery call to learn more.
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Welcome to my Creator Page! As a psychologist, organizational and leadership development consultant, and executive coach with over 25 years of experience, my aim is to help individuals and organizations build high-performing teams, master effective communication, and transform relationships. The main vehicles to facilitate this transformation include 1-on-1 executive coaching, strategy consultations and the BYOND group coaching experience, a sanctuary and community for Black women to inspire, uplift, and empower one another while focusing on well-being and collective transformation.
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