Topic : Fact Record | Keywords : All
According to a 2012 global survey of workers and retirees in the United States, "just 31% [of respondents] support the need to protect government retirement programs, such as Social Security, and increase taxes, while only 16% prefer the alternative. The single most popular solution favored by 44% of US respondents is a balanced approach with some reductions in Social Security payments to future retirees and some increases in taxes." (p. 13)
Aegon. (2012). The changing face of retirement : The Aegon retirement readiness survey 2012. The Hague, Netherlands: Aegon Group. Retrieved from http://www.aegon.com/Documents/aegon-com/Sitewide/Reports-and-Publications/Research/AEGON-Retirement-Readiness-Survey-2012.pdf?epslanguage=en
The findings in this report are based on the responses of 9,000 people from nine countries. respondents were interviewed using an online panel survey, and interviews were conducted in their local languages in January and February 2012. 8,100 employees and 900 retirees were interviewed to provide some comparison of the outlook of current employees to those already in retirement.
According to a 2012 report from the Social Security Administration, projections indicate that "the ratio of 2.9 workers paying Social Security taxes to each person collecting benefits in 2011 will fall to 2.0 to 1 in 2034." (p. 36)
Social Security Administration. (2012). Fast facts & figures about Social Security, 2012. Washington, DC: Social Security Administration. Retrieved from http://www.ssa.gov/policy/docs/chartbooks/fast_facts/2012/fast_facts12.pdf
Most of the data come from the Annual Statistical Supplement to the Social Security Bulletin, which contains more than 240 detailed tables. The information on the income of the aged is from the data series Income of the Population 55 or Older. Data on trust fund operations are from the 2012 Trustees Report.
In a 2009 survey of adults aged 45 or older, "over 31% of respondents favor raising the earnings cap on wages subject to payroll taxes. More than 27% support expanding funding sources to include federal income and estate taxes. Fewer than 14% favor raising the retirement age, and only 5.5% support reducing benefits for future retirees."
National Committee to Preserve Social Security and Medicare. (2009). Americans support protecting social security benefits: findings of NCPSSM survey. Retrieved May 26, 2009, from http://www.ncpssm.org/pdf/poll_results_33109.pdf
Figures are percentages based on 728 telephone interviews among a nationally representative sample of U.S. adults age 45 or older conducted March 12-15, 2009.