This document discusses graduation programs in the context of social protection. It notes that while graduation programs aim to provide a clear exit from poverty support, they may lose sight of the fundamental purpose of social protection. Specifically, the time frames of graduation programs are often too short to truly break the cycle of poverty. The document also questions whether graduation targets are realistic given that beneficiaries themselves do not see a clear point of graduation. It concludes that poverty reduction requires long-term investment beyond the typical 3-5 year graduation program timelines and calls for comprehensive social protection strategies that address lifetime risks.