Friday, August 16, 2013

The kids are wising up

From Hit & Run: "52% of young Americans favor Social Security opt-outs even if it reduces current benefits":
Facing a different trade-off, 55 percent opposed reducing benefits for all seniors in order to allow younger workers to opt-out of the Social Security program.
When facing this trade-off, younger and older Americans significantly diverge in their policy response. Even when faced with the trade-off of reducing benefits to current seniors to allow younger workers to opt-out of Social Security, a majority (52 percent) of Americans under 35 favor the proposal. In stark contrast, 62 percent of Americans over 35 oppose the proposal. Instead, if allowing younger workers to opt-out of Social Security meant only paying Social Security benefits to seniors in financial need, then 60 percent of Americans under 35 favor the proposal, while a majority (53 percent) of Americans over 35 oppose the proposal.
In other words: you kids stay in this Ponzi scheme and send us money!
These results paint a complex picture of Americans’ attitudes about Social Security. Those who have already paid in expect to receive promised benefits, those currently paying in are less eager to do so if they believe they may not get that money back.
Just wait until 2033.

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