89% of US seniors support raising taxes on younger workers to protect Social Security

Macro
โดย Moneywise·Read original
Summary · why it matters

A new Cato Institute survey finds that 89% of Americans over 65 believe Social Security benefits should be maintained at current levels even if it means higher taxes on younger workers. Roughly 74% of 45 to 54-year-olds and 84% of 55 to 64-year-olds said the same. In contrast, younger Americans are nearly eight times more likely than seniors to support benefit cuts to address the program's financial shortfall. The generational divide comes as the Social Security trust fund faces depletion in about six years, according to the Committee for a Responsible Federal Budget.

Impact on stocks 0