With Gen Y unemployment at record-high levels, you can’t really blame young people for having a glass-half-empty attitude when it comes to retirement security, particularly as it pertains to Social Security.
According to a poll of 642 18- to 29-year-olds conducted by the Strategic Research Institute at St. Norbert College in De Pere, Wis., 50% don’t believe Social Security will exist by the time they become age-eligible for the program at 67. Another 28% think the program will be around, but will provide a much smaller benefit. Just 5% expect benefits to be the same as they are to current beneficiaries.
