AARP Polls CT residents-appeal of private accounts plummets...

when consequences are known.

http://community.aarp.org/rp-ct/messages/?msg=72

HARTFORD – The more Connecticut residents learn about a proposal to create private investment accounts in the Social Security program, the more likely they are to oppose it, according to an AARP poll conducted March 11 – 16.



“This survey reveals that more than three-quarters of Connecticut residents believe in reforming the Social Security system, not replacing it with something else,” said AARP State Director Brenda Kelley. “More than half of all Connecticut residents believe that allowing workers to invest some Social Security payroll taxes in the stock market will weaken the program.”



AARP commissioned Woelfel Research, Inc. to conduct a telephone survey of 700 Connecticut residents 18 and older. The poll showed that more than half of the respondents opposed private accounts when simply asked about the option to invest some of their Social Security contributions, without specifying consequences. Forty percent favored private accounts when asked the question, while 7 percent were unsure where they stood.



“However, when several consequences of private accounts are introduced, between 43 percent to 59 percent of those who initially favored private accounts changed their minds and ended up opposed to private accounts,” Kelley said.

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