CHICAGO (AP) — Raise the age at which you can begin collecting full Social Security benefits? Older Americans say no. They also veto reductions in the cost-of-living increase.
But a poll finds support among those 50 and older for raising the cap on earnings that are taxed to fund the Social Security program so higher-income workers pay more.
The survey by the Associated Press-NORC Center for Public Affairs Research finds passionate opposition to any change in the way Social Security benefits are calculated that could result in smaller annual raises.
Some 62 percent of respondents expressed opposition to such a proposal, compared with 21 percent who supported it.
The chained CPI, or consumer price index, has been proposed as a new way of calculating the cost-of-living adjustment, but it would reduce raises.
“I really think it’s a sacred cow,” said Margie Nugent, a 55-year-old farmer from North Umberland, Pa. “They…
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