The National Academy of Social Insurance (NASI) recently released a new video to celebrate the 78th anniversary of Social Security. The video, Social Security: Americans Agree, focuses on the results of a national survey that NASI released earlier this year. The survey found that 7 out of 10 Americans see Social Security as the foundation of their retirement security, 84 percent of Americans say Social Security does not provide enough income to retirees, and 75 percent say we should consider increasing benefits.
According to NASI, Americans would support program changes that provide additional funding for Social Security, such as eliminating the cap on taxable earnings, raising the Social Security tax rate, and increasing the cost-of-living-adjustment (COLA) to better keep up with inflation. In contrast, Americans oppose proposals that reduce benefits, such as raising the full Social Security retirement age from 67 to 70.
Watch the NASI video.
Read the NASI report.
Source: Medicare Watch
August 15, 2013
Volume 4, Issue 32