Six in 10 U.S. voters are confident that the Social Security system will pay them all promised retirement benefits during their lifetime, Rasmussen Reports has found.
That group includes 23% who are very confident that they’ll receive expected Social Security payments, according to the recent Rasmussen Reports survey. Meanwhile, 37% lack confidence in the entitlement program, with 12% saying they are not at all confident they will receive their full payout.
GoBankingRates recently reported that some experts warn the Social Security Trust Fund could be depleted in 10 years. That would mean benefits could be cut to around 77% of the projected amount to match available revenue.
Still, Rasmussen found that confidence in Social Security has increased since 2019, when 50% were confident the system would pay them all promised benefits.
The current 60% is the highest level of confidence since Rasmussen Reports began asking this question about Social Security in 2011.
An increasing percentage of young voters have confidence that the program will meet expected payments.
A majority (57%) of voters under 40 are at least somewhat confident that Social Security will pay them all promised benefits. Four years ago, just 36% of that demographic were confident that would be the case.
Among voters aged 40-64, 53% say they’re confident in Social Security. Among voters 65 and older, 80% say they’re confident.
Voters were also asked whether they have a favorable impression of Social Security.
The findings have changed little since 2019, with 73% of voters saying they have a favorable impression, including 36% who have a very favorable opinion of the program.
Only 21% of U.S. voters view Social Security unfavorably.
Among political parties, 50% of Democrats have a very favorable impression of Social Security, as do 29% of Republicans and 26% of unaffiliated voters.
Democrats (32%) also are more likely than Republicans (19%) or unaffiliated voters (17%) to be very confident that the Social Security program will pay them all their promised earnings.
Nearly half (49%) of unaffiliated voters are not confident they’ll get all promised Social Security benefits. A total of 36% of Republicans and 25% of Democrats agreed.
Among those who strongly disapprove of President Joe Biden’s job performance, only 12% are very confident they’ll get all expected Social Security benefits.
More whites (26%) than Blacks (21%) or other minorities (14%) are very confident they’ll get all the benefits the Social Security system has promised.
The Rasmussen Reports survey of 1,029 U.S. likely voters was conducted Nov. 13-15. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence.
Charlie McCarthy ✉
Charlie McCarthy, a writer/editor at Newsmax, has nearly 40 years of experience covering news, sports, and politics.
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