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August 15, 2005
AARP Members support Personal Retirement Accounts by More than a 2-1 Margin
A poll that the media failed to report on found that:
"Voters age 55 and older think offering personal retirement accounts to young workers is a good idea by almost a two-to-one margin... with AARP members slightly more likely to say personal accounts are a good idea than non-AARP."
Among the other findings:
By 3-to-1 senior voters think that Social Security is not sound
Among the other findings:
By 3-to-1 senior voters think that Social Security is not sound
Also by a 3-to-1 margin seniors think it would be irresponsible if Congress does not reform Social Security
The majority of seniors think it would costs more to reform Social Security later than it would today
Sixty percent favor reforming Social Security so long as nothing changes for them.
Sixty percent also think young voters should be offered personal retirement accounts
Half of all seniors wish they had had the opportunity to own a PRA
Posted by Chris Schrimpf at August 15, 2005 05:21 PM
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Comments
Only those who are financially ignorant and/or politically corrupt would even think of relying on SS as a primary source of retirement income. Those who are financially savvy are investing in 401K plans and other private account vehicles on their own. Unfortunately, those in society who would benefit the most from private accounts in SS (African-Americans, low income, etc.) are denied this option by political interests who claim to look out for them.
Posted by: A. Mackelprang at August 19, 2005 01:58 PM