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Most Americans oppose tax hikes or benefit cuts to fix Social Security insolvency by 2032.

Market News
27 May 2026
Fox Business
View Source
Neutral
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A recent Reagan Institute survey reveals that Americans are divided on how to address Social Security's projected insolvency in 2032. Most voters oppose raising payroll taxes (80%) or cutting benefits (90%), with slightly more support for raising the retirement age (26%). However, 71% favor cutting benefits for wealthy retirees with over $1 million net worth. The survey highlights widespread misunderstanding about Social Security funding and resistance to borrowing or increasing national debt. Medicare faces similar funding challenges, with mixed opinions on tax increases and benefit adjustments.

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