Social Security Views

April 18, 2013 at 6:35 pm Leave a comment

The April 2013 edition of Benefits magazine has a feature “Quick Look Social Security” on page 13 which cites some interesting poll results from the National Academy of Social Insurance about Social Security.  Particularly noteworthy is that 69% of citizens surveyed, who are not in pay status, indicated that they believe they will receive all of the social security benefits they are entitled to when eligible.  In addition, 57% of all the individuals surveyed are confident in the overall future of the program.  Does such strong confidence affect current savings for private retirement?

I also wanted to note that the results also showed strongly “favorable” views of the system whether broken down by generation, family income or party affiliation (the lowest at 59%).   Without these divisions, 72% of those surveyed felt the program was “favorable”.  I wish the survey had addressed how this affects saving and expected retirement spending for the group.

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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