An Associated Press-GfK public opinion poll finds that most Americans would prefer to fix Social Security by raising taxes or increasing the retirement age rather than reducing monthly benefits.
“Social Security is facing serious long-term financial problems. When given a choice on how to fix them, 53 percent of adults said they would rather raise taxes than cut benefits for future generations, according to the poll. Just 36 percent said they would cut benefits instead.”
“The results were similar when people were asked whether they would rather raise the retirement age or cut monthly payments for future generations — 53 percent said they would raise the retirement age, while 35 percent said they would cut monthly payments.”
Since raising the retirement age would reduce monthly benefits, what people seem to approve of is increasing both the normal retirement age (currently 66) and early retirement age of 62. Doing so would force people to delay collecting benefits, but wouldn’t reduce benefits once they did retire.