Americans’ Thoughts on Social Security Are Surprising

A new poll revealed some unexpected opinions on Social Security. The survey of 2,000 Americans by the Cato Institute found that 83 percent have a favorable view of Social Security. Despite that, 70 percent think benefits will be cut in the future, and 30 percent believe Social Security will not exist by the time they retire.

Nearly four out of five people surveyed said they oppose cutting benefits and oppose raising payroll taxes. Those are two of the ideas most commonly suggested to shore up Social Security for the future.

The Seniors Trust believes there is a better way. We want Congress to enact the Social Security Expansion Act. This landmark piece of legislation will give retirees an immediate benefits increase of about $200 a month, a fair annual cost-of-living adjustment (COLA), increased minimum benefits, and ensure the long-term solvency of the Social Security program.