Cassidy later said in a letter to the editor at the Bangor Daily News that the plan he and Sen. The backlash in King’s home state of Maine to the reporting was swift, with its largest union condemning any proposal that would raise the retirement age. senators - Angus King (I) and Bill Cassidy (R) - was reportedly considering a plan that would gradually raise the retirement age under the Social Security program to 70 in order to keep the trust fund solvent. In March, it was reported by Semafor that a bipartisan group led by two U.S. Proposals designed to address the program’s solvency have been met either with opposition or silence. Political indecisiveness on the subject of the Social Security program continues to plague politicians in Washington, D.C. “There’s a cloud of doubt hanging over the quality of life they’ll have when they retire, especially among those between 35 and 64 years of age.” “When it comes to the golden years, Americans young, old and in-between share the same worry,” Kilic told the outlet. Osman Kilic, a Quinnipiac professor of finance and business, told Yahoo Finance that the survey results reflect concern among older and younger Americans alike. “Nearly 7 in 10 Americans (68%) say they are either very concerned (33%) or somewhat concerned (35%) that they will not have enough money to live comfortably during retirement, while roughly 3 in 10 Americans (31%) say they are not so concerned (16%) or not concerned at all (15%),” the survey results said. Only 30% of respondents answered affirmatively while 62% answered negatively.Ĭoncerns about retirement are also front-of-mind for many Americans determining what their lives will look like after ending their careers, according to the results. The survey itself, released at the end of March, additionally contextualized the question by asking if respondents would support raising the retirement age if it means that the program’s benefits would last longer. That poll found that 78% of surveyed Americans do not want to see the full retirement age raised from 67 to 70, according to recent reporting at Yahoo Finance. Greg Nibler, host of Digital Trends Live and Podcasts ĭigital Trends faced a culture crisis earlier this year when current and former employees accused it of being a hostile workplace, racially insensitive and lacking diversity among employees.The American Social Security program continues to be a flashpoint for many voters, and politicians who are determined to bring its trust fund into solvency through cuts or raising the retirement age could run into serious opposition from voters, according to a recent Quinnipiac University national poll.Juliana Jara, managing editor at Digital Trends en Espanol.
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