Perhaps young Americans are siding with Rick Perry on Social Security. It turns out more millennials trust their pillow's a safer place for their money than in the hands of the government.

Generation Opportunity reports 66 percent of young voters indicate their Social Security money is safer with them rather than in the U.S. Treasury. Republican presidential candidate Perry made headlines for speaking out against Social Security, calling it a "Ponzi scheme" and a "monstrous lie," since younger Americans may never get back their contributions when they retire.

"Young people are looking at a situation where the economic challenges and limited opportunities they face today potentially extends to the end of their careers, where there is zero assurance Social Security will be there for them," says Paul Conway, president of Generation Opportunity and a former Chief of Staff for the United States Department of Labor.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.