Most Voters Want Congress to Expand—Not Cut or Privatize—Social Security

Jul 13, 2022 / By Elaine Floyd, CFP®

Voters in the United States overwhelmingly support Democratic proposals to expand Social Security for all recipients to cover higher costs of living and oppose Republican proposals to completely end the federal program—established during the New Deal era to improve economic security for retirees, people with disabilities, and widows and widowers—before the end of the decade.

That’s according to a new survey conducted from June 17–21 and published Monday by Data for Progress, which found that a whopping 83% of likely voters support expanding Social Security benefits to keep up with rising costs, including 86% of Democrats, 84% of Republicans, and 79% of independents.

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As director of retirement and life planning for Horsesmouth, Elaine Floyd helps advisors better serve their clients by understanding the practical and technical aspects of retirement income planning. A former wirehouse broker, she earned her CFP designation in 1986.

 

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