Friday, August 13, 2010

USA Today Poll: Faith in Social Security System Tanking

WASHINGTON — Battered by high unemployment and record home foreclosures, most Americans seem to have lost faith in another fundamental part of their personal finances: Social Security.

A USA TODAY/Gallup Poll finds that a majority of retirees say they expect their current benefits to be cut, a dramatic increase in the number who hold that view.

And a record 6 of 10 non-retirees predict Social Security won't be able to pay them benefits when they stop working.

Skepticism is highest among the youngest workers: 75% of those 18 to 34 don't expect to get a Social Security check when they retire.

By Susan Page, USA TODAY


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