Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Retirement Planning > Social Security

Survey Finds High Social Security Debate Awareness

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, March 15, 2005, 3:20 p.m. EST

Most Americans are aware of Bush administration efforts to set up a new personal retirement account system.[@@]

Researchers at Principal Financial Group Inc., Des Moines, Iowa, have published figures supporting that conclusion in a report on a February survey of 1,101 employees over the age of 18 at U.S. businesses with 10 to 1,000 employees.

Researchers found that 89% of the workers polled had heard of efforts to add personal accounts to the Social Security retirement program, and that 49% of the workers said they were not comfortable with the idea of managing their own accounts.

When asked about the initiatives that would have the biggest effect on their own financial well-being, 41% named Social Security reform; 32% named tax code reform; and 27% named efforts to cut the national budget deficit.

About 73% said they “strongly” or “somewhat” agreed that the national debt already has had or will hurt their personal financial security.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.