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The minute checks stop going out is the moment shit gets real. This will impact everyone. Yes the people directly getting checks will be in dire trouble. But I don't think most folks understand just how much our economy relies on this system. Business will take a hit, more people will end up having to support aging parents even more than they do already, and every working American is going to immediately question why they've now lost money to this system. Billionaires can fuck around with money because it's not really or tangible for them, but normal folks... Yea you just don't fuck with people's money.
Revolution is only 3 missed meals away. You always make sure your citizens can afford to eat, as hunger is the biggest way to trigger unrest.
Trouble is, these old folks aren't ready to fight a revolution themselves. You see them at the food pantries and Little Free Pantries already, the better-off with walkers and canes, just a step or two away from being homeless and all the hatred and suffering that that brings.
Still, for the kids of the old folks, assuming they have any, and assuming they care somewhat for their parents, it could get ugly fast w/o SS and Medicare. Grandpa and Grandma lose their homes and have to move in, all kinds of caretaking and medical bills and old-folks Rxs to pay for, and all that on 1950s America Great Again wages. I'd like to think the pitchforks would come out at that point, but I dunno, people would have to put their phones down and get off their couches.