“Older Pre-Retirees Worry a Lot About Social Security: Gallup,” by Michael Fischer, ThinkAdvisor
“Fifty-one percent of pre-retirement American adults in the 50-to-64 age group are very concerned about the Social Security system, Gallup reported Friday. In contrast, only one-third of young adults expressed a great deal of concern about the system. … As for Americans in the 30-to-49 age bracket, the percentage expressing a lot of concern about Social Security has held steady in the range of 46% to 52% since 2005, according to Gallup. In the current poll, 49% said they worried a great deal. Unsurprisingly, majorities of Americans with annual incomes of $30,000 or less have consistently reported a great deal of concern about the Social Security system since 2005, peaking at 62% in the average for 2009 to 2011.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform): Given the lack of political action to fix Social Security, the group unconcerned about the problem evidently includes members of Congress and the Administration, i.e., those who ought to be most concerned.