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21mon MSN
Social Security confidence hits 15-year low as younger Americans increasingly lose faith in system
A survey by AARP revealed Americans' overall confidence in Social Security has dropped to 36%, with only 25% of younger adults saying they had confidence in the program's future.
Currently, only the first $176,100 of a worker's annual income is subject to the 6.2 percent Social Security payroll tax, which is matched by employers to make a total contribution of 12.4 percent.
Amid this troubling data, AARP CEO Myechia Minter-Jordan had a blunt nine-word warning to share in a conference call ...
A new AARP report, ahead of Social Security’s 90th anniversary, reveals Americans’ confidence in the future of Social Security has declined.
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