Millennials, Gen X and Gen Z say the system needs reform, an exclusive Newsweek poll found, amid fears the benefits won’t exist when they come to retire
Younger generations in the U.S., including millennials and Gen Zers, are much more likely to believe that the Social Security system needs reforming than those in their 60s and 70s, according to a recent survey conducted by Redfield & Wilton Strategies on behalf of Newsweek.
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Some 40 percent of respondents said they believe that the Social Security program currently pays out more to retirees than it is receiving in Social Security tax payments, while 26 percent disagreed with this statement.
Gen Zers (ages 18-26), millennials (ages 27-42) and Gen Xers (ages 43-58) were more likely than boomers (59 and older) to think that Social Security should be reformed.
Social Security is not going to run dry.
Our generation is going to have less children, so who’s going to pay into it when you’re too old to work?
There are literally people sneaking into this country that would love to pay into SS
Same as before.
GDP can continue to increase even if the population decreases, as long as increased productivity makes up for the difference.
But if GDP falls, then we can choose between slightly lower SS payouts or slightly higher payroll taxes. Either way it’s not the end of SS.