According to a recent poll conducted by research firm GfK Roper and funded by AARP, Americans largely disapprove of cutting Social Security in order to cut back the national deficit. According to the Huffington Post, 85 percent of adults don’t want to cut Social Security. 72 percent were shown in the survey to “strongly oppose” social security. Source of article – Americans disagree with Social Security cuts to trim deficit by Personal Money Store.
'Me first’ is the response from Social Security recipients
It is surprising to see these numbers come from a Social Security system that is 75 years old and hotly debated. Since the AARP funded this survey happening, and the AARP members tend to be either on, or nearly on Social Security, it appears about right. In the survey, it was discovered that 57 percent of American’s younger than 50 said they’d rather pay higher payroll taxes to make certain social security would be accessible to them. The “Baby Boomer” generation gets to relax and live off other people’s incomes, which is why they don’t care about the deficit that the younger generation is going to have to fix one day.
Working with a big trust fund
Since Social Security is obviously not the most sustainable program, the Obama administration is trying to determine what to do to change things. Most are concerned they won’t get their Social Security anymore. Privatization would be great for those nevertheless in the work force when Baby Boomers wouldn’t be able to get their funds anymore, and taxes aren’t covering the program.
Two-thirds Americans afraid to lose Social Security as an income
80 percent of Americans are concerned for the families of fixed-income retirees which only one out of each and every 3 are concerned about how not having Social Security could affect their lives after retirement. ”Poor house” or “debtors’ prison” are the concerns of many. Even 80 percent of individuals who are “thy sky is falling” types believe that they would still get benefits even if there was not a Social Security program anymore.
Further reading
Bestyears.com
bestyears.com/parentstold.html
AARP survey
aarp.org/work/social-security/info-08-2010/social_security_75th.html
Cato Institute
cato.org/social-security
Huffington Post
huffingtonpost.com/2010/08/11/public-opposes-cutting-so_n_678374.html
Social Security Online
ssa.gov/
Milton Friedman on the Social Security myth
youtube.com/watch?v=rCdgv7n9xCY
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