09/14/2010 - The public has sharply different reactions to major changes in Social Security and Medicare programs being proposed by some leading Republicans. While a majority favors a proposal to allow some private investments in Social Security, there is considerably less support for the idea of ending Medicare and replacing it with a system of vouchers for purchasing private insurance.
The latest Pew Research/National Journal Congressional Connection poll, sponsored by SHRM, conducted September 9-12 among 1,001 adults, finds that 58% favor a proposal that would allow workers under age 55 to invest a portion of their Social Security taxes in personal retirement accounts that would rise and fall with the markets; 28% oppose this proposal. Majorities across all age groups – except for those 65 and older – favor this proposal.
Among senior citizens, as many favor (42%) as oppose (42%) allowing private investments in Social Security. By contrast, fully 70% of those younger than 30 favor this idea.
Read the full report Mixed Views of GOP Proposals on Entitlements on the Pew Research Center for the People & the Press' Web site.