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.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 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.
