Americans are deeply opposed to cutting into Medicare or Social Security benefits, poll suggests

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Americans are deeply opposed to cutting into Medicare or Social Security benefits, poll suggests
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Most U.S. adults are opposed to proposals that would cut into Medicare or Social Security benefits, and a majority support raising taxes on the nation’s highest earners to keep Medicare running as is.

The new findings, revealed in a March poll by The Associated Press-NORC Center for Public Affairs Research, come as both safety net programs are poised to run out of enough cash to pay out full benefits within the next decade.Few Americans would be OK with some ways politicians have suggested to shore up the programs: 79% say they oppose reducing the size of Social Security benefits and 67% are against raising monthly premiums for Medicare.

“I can survive on that much money,” she said. “But if you’re talking about $400,000, you’re just in another category. There’s nobody around here making money like that.”One way or another, changes are in store for the programs. Last week, the annual Social Security and Medicare trustees report released Friday warned that Medicare will only have enough cash to cover 89% of payments for inpatient hospital visits and nursing home stays by 2031.

But a majority of Americans overwhelmingly reject that, too. Three-quarters of Americans say they oppose raising the eligibility age for Social Security benefits from 67 to 70, and 7 in 10 oppose raising the eligibility age for Medicare benefits from 65 to 67.U.S.

Just 10 years out from his planned retirement, 55-year-old Mark Ferley of Chesapeake, Virginia, is worried about the future of the programs — and that he won’t get back the money he paid in. He supports raising the eligibility ages for Social Security and Medicare to 70. Ferley, who said he leans conservative, also believes that taxes should be raised on households earning $400,000 or more to keep the social programs solvent.

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