The recent 75th anniversary of Social Security survey shows that while Americans are worried about the program’s future, many still believe in it as a strong institution.
84% agree with the statement that “Maybe I won’t need Social Security when I retire, but I definitely want to know it’s there just in case I do.”
35% are very or somewhat confident in the future of the program.
8 in 10 adults believe either that Social Security will not be able to pay any benefits when the fund is exhausted or they do not know whether it will be able to do so.
50% of non-retired adults would be willing to pay more now in payroll taxes to ensure Social Security will be there for today’s older people and a similar proportion would be willing to do so to ensure it will be there for them when they retire.
9 in 10 adults under age 30 believe Social Security is an important government program, and more than 9 in 10 want to know it is there when they retire just in case they need it.