Like 1970s song, don't take our Social Security away
Lewis DiuguidSocial Security is such a demanded institution in the United States that people would prefer that taxes go up to keep the benefits in place for future generations.
Who could blame them? They also wouldn’t mind the age requirement bumping up a bit to save the program for everyone. That’s the finding of a new Associated Press-GfK poll on public attitudes on Social Security.
People don’t want to see monthly Social Security benefits reduced now or in the future. The poll found that 53 percent of the adults said they’d rather see taxes go up than benefits reduced for future generations. Only 36 percent favored a cut in benefits.
The poll found that 53 percent also said they favored raising the retirement age over cutting monthly payments for future generations. The poor personal savings rate among Americans and reduced pensions already is resulting in a greater reliance on Social Security to help folks get by.
Expect that trend to continue.
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