Social Security Splits Young, Old

Age makes a difference in whether Minnesotans think social Security will be around to help them in retirement.

Thrivent Financial asked State Fair visitors and found that adults 18 to 44 do not count on Social Security to help fund their retirement. Those 45 to 64 were about evenly divided, while senior citizens said they thought Social Security will be a major part of their retirement funding.

“These findings truly highlight the generational divide Americans have around the future of Social Security,” said Wendy McCullough, Thrivent Financial director of income solutions. “No one can accurately predict how Social Security might change in five, 10 or 50 years, but given our nation’s demographics, it is highly likely that Social Security as we know it today will change over time.”