As well as, 69% of Democratic retirees however solely 39% of Republican ones expressed confidence that their advantages shall be maintained. A slim majority of retired independents additionally anticipated to proceed receiving their present advantages.
Get together variations on this stuff have been inconsistent over time, in accordance with Gallup. For instance, the social gathering hole in nonretirees’ perception that they’ll get Social Safety funds is smaller this yr than in 2015, when the distinction was 22 share factors, and bigger than it was in 2001 and 2010, when there have been primarily no social gathering variations, and about the identical because it was in 2000 and 2005.
When gaps have existed, those that establish with the social gathering of the incumbent president have usually been extra optimistic about the way forward for Social Safety.
Greater Taxes vs. Profit Cuts
Gallup famous that discussions about preserving Social Safety largely heart on elevating payroll taxes of present staff that fund the system, curbing advantages for present and/or future recipients and presumably elevating the age at which retirees can obtain full advantages (presently 67 years outdated).
The latest ballot discovered that whereas U.S. adults have usually favored elevating Social Safety taxes moderately than curbing advantages as a way of guaranteeing the long-term way forward for the system, they’re extra more likely to favor tax will increase now than previously.
Sixty-one % of Individuals mentioned they would favor the federal government elevate Social Safety taxes, whereas 31% would moderately the federal government curb Social Safety advantages. In surveys performed in 2005, 2010 and 2015, the margin in favor of elevated taxes was smaller than the 30-point hole that emerged in 2023, starting from 9 to fifteen factors.
Fifty-nine % of Democrats and 53% of independents choose elevating taxes to beef up Social Safety, whereas 39% of Republicans agree. Fifty-six % of Republicans choose the federal government curb Social Safety advantages for recipients, a view shared by 44% of independents and simply 27% of Democrats.
Democrats immediately are likelier than previously to favor elevated taxes, whereas Republicans are actually extra more likely to favor curbing advantages.
The ballot discovered that nonretirees are extra inclined to consider {that a} 401(okay) plan shall be a significant supply of revenue of their retirement than to say this about Social Safety. For retirees, nevertheless, Social Safety is the clear chief over different retirement funding sources, underscoring the significance of the system to U.S. seniors.
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