(Bloomberg View) — If you watched the last Republican presidential debate, you may have noticed the split on Social Security among the final four.
Donald Trump vowed not to cut benefits. His three rivals would–by raising the retirement age, reducing payouts for wealthier people, diverting payroll taxes to private accounts or trimming cost-of-living increases.
Why the difference? While Trump attracts followers in almost every demographic group, his base skews toward older, non-college-educated, lower-income voters — people who are or will be getting most of their income from Social Security, in other words.
Pollsters for years have picked up differences of opinion among Republicans over entitlement benefits. Those without college degrees are more reluctant to support reducing them than those with a higher education.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.