Poll: Faith in Social Security system tanking

From USA TODAY:

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 six 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: Three-fourths of those 18 to 34 don’t expect to get a Social Security check when they retire…

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1 Comment

  1. Years ago the federal government, in its infinite wisdom, decided to put all social security receipts in the the general fund instead of a separate trust fund. How much money would be available if the social security fund would have been kept separate as originally intended? I once asked this of one of my congressional representatives but never received an answer. So I ask once again, how much money would be in the social security trust fund if the government had not raided it to balance the budget?

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