A majority of millennials think that the Social Security program is making more payments than it receives taxes, according to an exclusive Newsweek poll.

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.

  • phoneymouse@lemmy.world
    1104·
    1 year ago

    Millennials and Gen-Z need to be fucking pissed about any one spouting the bs talking point that social security will just dry up by the time we retire so it’s best not to count on it. Social Security is something we’ve all paid in to, so it better fucking be there when we retire. That’s the deal. I realize there is a funding shortfall, but the fix is damn easy and simply involves removing the exemption the rich currently have.

      • phoneymouse@lemmy.world
        18·
        1 year ago

        For the rich? For corporations? Paying less tax. The rich can afford to retire. They don’t give a damn if you can. Actually, better for them if you can’t since you’ll just be another worker in the labor force up until the moment you drop dead or can’t work anymore and become a homeless elderly person.

    • Nudding@lemmy.world
      52·
      1 year ago

      If you’re under 50 and expecting to retire someday, I’ve got some bad news about the climate.

    • Moira_Mayhem@lemmy.world
      21·
      1 year ago

      GenX here, so fucking tired of being forgotten.

      Social Security won’t exist by the time I retire and there hasn’t been a single decade of my career that didn’t have a major financial crisis so I’m basically fucked once I’m too old and broken to work anymore. Which is like in 15 years.