ASI E-News Poll Results 8/2/11
Many baby boomers say they will continue to work past the age of retirement because they are concerned about their future financial security. Would you work past the age of 65 if Social Security funding is scaled back and the economy is still struggling?
Yes: 74%
Maybe/Unsure: 14%
No: 12%
Comments:
“Seniors should be able to retire and be financially secure at 65, thus letting younger individuals have better financial security to raise their families and allowing older people to enjoy their lives after working so hard when they were younger.”
“If I'm healthy and able to work, why not?”
“As a self-employed consultant, I plan on working until I “drop” no matter what happens with Social Security benefits. However, I think that Washington misjudges the power of the senior citizens lobby when it comes to Social Security and Medicare. My prediction is that when push comes to shove, there will NOT be any scale back of these benefits for seniors. There may very well be cutbacks and elimination of these types of benefits for the younger generation of workers, but it’ll never be cut back for the baby boomers.”
“Social Security was set up decades ago when 65 was nearly the life expectancy. The SS age should have been raised years ago as life expectancies went up. It was never designed to provide a retirement, just to fill in during those final years when a person could no longer work.”
“The greedy government is only concerned about themselves, if we don't take care of ourselves, who will?”
“Retirement isn’t all it’s cracked up to be for me. I'll keep working.” “I don't know if I’ll have any choice, even if Social Security isn’t scaled back.”
“I am currently 70.5 years old and intend to continue working as long as I am able and able to contribute to the company.”
“I will work past 65 regardless of what Social Security does. I am, however, in favor of a buyout; pay me a reasonable percentage of what I put in and I'll agree not to take anything out – oh, and stop taking it out of my check.”