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.

  • @AA5B
    2•1 year ago

    And yet

    • social security has enough support that politicians are afraid to touch it, even to fix it
    • even the doom date we’re all worried about, means it can still pay 80%, assuming no fixes
    • if we get past the next two decades, demographics once again favors the current approach

    Fixing it should we quite doable, if politicians look ahead. However the longer we wait, the bigger impact from adjustments, and we all know the reality of politics.

    If you’re under 40, I agree that you need to focus on retirement savings, since that’s the only part you can control

    • @Illuminostro
      1•1 year ago

      Just put all your money in a 401K. Do your fiscal duty and grovel at The Shrine of Captialism, peasant. You’re lucky you’re allowed to live and serve.