- Americans don’t mind paying for Social Security because they value it for themselves (80%), for their families (78%), and for the security and stability it provides to millions of retired Americans, disabled individuals, and children and widowed spouses of deceased workers (84%).
- 84% believe current Social Security benefits do not provide enough income for retirees, and 75% believe we should consider raising future Social Security benefits in order to provide a more secure retirement for working Americans. [The study shows that even 74% of working Republicans agree with this.]
- 82% agree it is critical to preserve Social Security for future generations even if it means increasing Social Security taxes paid by working Americans, and 87% want to preserve Social Security for future generations even if it means increasing taxes paid by wealthier Americans. ...
- Of those currently receiving Social Security, 96% say it is important to their monthly income, and 72% say that without Social Security they would have to make significant sacrifices or would not be able to afford the basics such as food, clothing, or housing. Of those not currently receiving Social Security, 87% say it will be important to their income when they begin receiving benefits.
- 57% of Americans say they are not confident about the future of the program.
The study shows that 68% of Republicans favor gradually, over ten years, eliminating the cap on earning that are taxed for Social Security. Only 10% of Republicans oppose this. Only 26% of Republicans favor increasing Social Security's full retirement age to 70. A higher percentage of Democrats favor increasing full retirement age to 70 than Republicans!
- 69% of those not currently receiving Social Security benefits lack confidence that they will receive all their earned benefits when they retire.