A majority of millennials think that the Social Security program is making more payments than it receives taxes, according to an exclusive Newsweek poll.

Millennials, Gen X and Gen Z say the system needs reform, an exclusive Newsweek poll found, amid fears the benefits won’t exist when they come to retire

Younger generations in the U.S., including millennials and Gen Zers, are much more likely to believe that the Social Security system needs reforming than those in their 60s and 70s, according to a recent survey conducted by Redfield & Wilton Strategies on behalf of Newsweek.

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Some 40 percent of respondents said they believe that the Social Security program currently pays out more to retirees than it is receiving in Social Security tax payments, while 26 percent disagreed with this statement.

Gen Zers (ages 18-26), millennials (ages 27-42) and Gen Xers (ages 43-58) were more likely than boomers (59 and older) to think that Social Security should be reformed.

  • @eek2121
    27•1 year ago

    Social Security should be reformed. The surplus should be given back and laws passed that forbid touching it. Further:

    • The amount paid out should be significantly increased (after decades of working I would make less than $3,000/mo on SSDI, for example, which isn’t enough for me to live on my own even)
    • There should be no income cap for taxation purposes
    • The retirement age should be lowered to 60 and taxes/formulas modified accordingly.
    • It should not take years for anyone to make it through applying for disability.

    Honestly, Social Security should also be responsible for paid sick/family leave, short term and long term temp/perm disability, unemployment, etc. We in the US could have it so much better…

    • @captainlezbian
      5•1 year ago

      Yeah and it should be allowed to hold companies that are bailed out as long as its financial advisers choose.

      Hell when it’s time for UBI this is the administration to do it