Ultra-Rich Should Pay to Save Social Security: Poll

image of a maagnifying glass being held over a social security card

Benefit programs for elderly Americans are one of voters’ top priorities in November — only the economy, immigration, abortion and protecting democracy were chosen more often when respondents were asked what single issue was most important to their voting decision.

The poll also found that swing state voters trust Biden more than Republican presumptive nominee Donald Trump to preserve Social Security and Medicare, with 45% trusting Biden and 39% trusting Trump.

Trump has not articulated a clear vision for the benefit programs. His campaign website says he will “always protect” Social Security without providing details.

In a March interview, he said “there is a lot you can do in terms of entitlements in terms of cutting,” but later walked back that statement, saying he would never do anything to “jeopardize or hurt” the payments for older people.

Republicans in Congress have proposed raising the retirement age and using a new cost of living adjustment metric that would result in lower payments over time.

Nikki Haley, who challenged Trump for the GOP presidential nomination, proposed scaling back Social Security benefits for future generations and higher income retirees.

Methodology

The Bloomberg News/Morning Consult poll surveyed 4,969 registered voters in seven swing states: 801 registered voters in Arizona, 802 in Georgia, 708 in Michigan, 450 in Nevada, 703 in North Carolina, 803 in Pennsylvania and 702 in Wisconsin. The surveys were conducted online from April 8-15.

The aggregated data across the seven swing states were weighted to approximate a target sample of swing-state registered voters based on gender, age, race/ethnicity, marital status, home ownership, 2020 presidential vote and state.

See also  Life and Annuity Stocks Weather Credit Suisse Storm

State-level data were weighted to approximate a target sample of registered voters in the respective state based on gender, age, race/ethnicity, marital status, home ownership, and 2020 presidential vote.

The margin of error is plus or minus 1 percentage point across the seven states; 3 percentage points in Arizona, Georgia and Pennsylvania; 4 percentage points in Michigan, North Carolina, and Wisconsin, and 5 percentage points in Nevada.

(Credit: Chris Nichols/ALM/Adobe Stock)

Copyright 2024 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.