• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Editor's Pick Polls say older voters want Social Security protections. Yet parties are tied for their support.
Editor's Pick

Polls say older voters want Social Security protections. Yet parties are tied for their support.

by June 24, 2024
by June 24, 2024 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Voters, ages 50 and up, will have a strong influence on the November election.

And politicians who want to win their vote would be wise to emphasize personal economic issues that affect them, particularly Social Security, according to a new AARP poll of likely voters from the 44 most competitive congressional districts.

When asked one question — “How worried are you about your personal financial situation?” — 63% of all voters and 62% of voters ages 50 and up said they are worried, according to the bipartisan survey conducted earlier this month by Fabrizio Ward and Impact Research.

“It’s a substantial majority of voters who are concerned about their personal financial situation, and why economic issues are going to play such a big role in in this election,” Bob Ward, partner at Fabrizio Ward, said during a Thursday presentation of the results.

Meanwhile, for older voters, ages 50 and older, Social Security is a top economic concern, the results found.

The program’s trust funds may be depleted in the 2030s, at which point there would be across-the-board benefit cuts unless Congress acts sooner.

When asked how important Social Security is in determining their vote, 80% of voters — ages 50 and up — say it is either extremely important or very important.

The issue ranks high as a priority for voters who are Democrats, Republicans or independents.

“Democrats only have a three-point advantage on Social Security right now, so the parties are basically tied,” said Jeff Liszt, partner at Impact Research.

“Social Security is really an up for grabs issue,” he added.

Many voters said they would be more likely to vote for a candidate who will protect Social Security, he noted.

Another issue — family caregiving — also ranked as a high priority with voters ages 50 and up. To that point, 80% of that group surveyed said they would be more likely to vote for a candidate who would provide support to family caregivers to help seniors live independently as they age, and 74% said they would support a candidate who would provide tax credits to help cover the costs of family caregiving.

While President Joe Biden has vowed not to cut Social Security benefits, former President Donald Trump said in a March CNBC interview that he would reevaluate spending on entitlements, which could include benefit cuts. Democrats in Congress have proposed plans to make Social Security benefits more generous, which would be paid for by taking the wealthy.

Social Security advocacy organizations including Social Security Works and the National Committee to Preserve Social Security and Medicare recently endorsed Biden.

For the National Committee, it was only the second time in the organization’s history that it endorsed a presidential candidate.

“We broke precedent in 2020 because we believed Joe Biden would fight for America’s seniors — and protect Social Security and Medicare,” Max Richtman, president and CEO of the National Committee to Preserve Social Security and Medicare, said in a statement.

“We did not trust Donald Trump to safeguard either program or to uphold other cherished American institutions,” he said. “Four years later, those beliefs have been validated beyond dispute.”

When polling for the full ballot in the 44 competitive districts, former President Donald Trump led with 42% among voters ages 18 and up, while Biden had 37% and Robert Kennedy, Jr. came in with 11% support.

Yet older voters, ages 50 to 64, are more likely to support Trump, while voters ages 65 and up are more likely to lean toward Biden.

Congressional Democrats and Republicans are tied with 45% support in those districts. Yet voters ages 50 to 64 are the only age demographic voting Republican, with a 13-point margin. Voters ages 65 and up plan to vote for Democrats by five points, the AARP poll found.

“Everyone’s focused on the presidential race, but this is very much up in the air who will control the House of Representatives this year,” Ward said.

This post appeared first on NBC NEWS
You Might Also Like
  • Biden administration unveils proposed changes to big banks’ overdraft fees
  • Dropbox slashes 20% of global workforce, eliminating more than 500 roles
  • Extreme heat is changing where and when we vacation
  • Boeing starts furloughing tens of thousands of employees amid machinist strike
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Trump’s legal team back in court in Florida classified documents case
next post
Tesla has downsized by at least 14% this year after Elon Musk said layoffs would exceed 10%

You may also like

YouTuber Mr Beast sued by Mr Beast Burger food delivery...

August 9, 2023

The installed base of fleet management systems in Europe will...

December 16, 2022

Why the LA Rams are worth $2 billion more than...

September 6, 2024

From pandemic struggles to St. Patrick’s Day crowds, Mary O’s...

March 17, 2025

Walmart is getting a bump from a surprising cohort: Wealthier...

February 20, 2025

Business is good in ‘Vacationland.’ It would be even better...

August 5, 2024

Biden administration seeks to avoid default crisis for student loan...

January 16, 2025

Costco sold more than $100 million in gold bars last...

December 16, 2023

‘People are stretched’: Average consumer now carries $6,329 in credit...

August 9, 2024

Musk says time commitment to DOGE will ‘drop significantly’ as...

April 23, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout, pulls outlook

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025
    • The Unpredictable Stock Market: How to Make Sense of It

      May 8, 2025
    • AMD CEO calls China a ‘large opportunity’ and warns against strict U.S. chip controls

      May 7, 2025

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,632 views
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,339 views
    • 3

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 2,320 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,302 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,186 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Popular Posts

    • 1

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 2

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 3

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • Krispy Kreme stock plunges after doughnut chain pauses McDonald’s rollout,...

      May 8, 2025
    • Don’t Buy Robinhood Stock… Until You See This Chart Setup

      May 8, 2025
    • UnitedHealthcare sued by shareholders over reaction to CEO’s killing

      May 8, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,066)
    • Investing (538)
    • Stock (2,530)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Inflation rate hit 3.2% in July:...

    August 12, 2023

    Meet CrowdStrike, the company at the...

    July 20, 2024

    Meta announces 5% cuts in preparation...

    January 15, 2025
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here