Poll: More workers see Social Security as critical

April 30, 2012 at 3:16 PM

PRINCETON, N.J., April 30 (UPI) -- A third of U.S. workers indicated in a recent poll that Social Security would be a major portion of their post-retirement funding, Gallup researchers said.

Researchers said the poll, conducted April 9-12 involving 1,016 adults, found that 33 percent of respondents indicated they expected Social Security would be a critical source of funding after they retired.

In 2007, just 27 percent of respondents to the same question said they expected Social Security to be a major funding source after they stopped working.

Retirees and people still still working had different views of retirement funding.

Thirty-three percent of retirees indicated pension plans were a major source of their income, followed by 401(k) plans (24 percent), home equity (23 percent) and stocks and mutual funds (15 percent).

Current workers -- or non-retirees -- indicated the following would be their major funding source: Social Security (33 percent), pension plans (28 percent) savings accounts or CDs (22 percent) and part-time work (22 percent).

Thirty-eight percent of current workers expect to retire comfortably, a new low, Gallup said.

The survey results carry a margin of error of plus and minus 4 percentage points, Gallup said.

Related UPI Stories
Latest Headlines
Trending Stories
Study of antibodies in HIV patient may help lead to vaccine
Pepsi to launch own smartphone
History Channel special reveals Alcatraz escapees may have survived
Multiple attacks escalate Jerusalem violence; gun restrictions could ease
Genetic changes could make pig organs usable for human transplant