Millennials aren’t optimistic about Social Security: 53% say Social Security is “unlikely” to exist when they are 67 years old, while 45 percent say it probably will remain.
But if it does exist at that time, even fewer millennials believe government will provide them with the same level of benefits that today’s seniors receive. Only 34 percent say they are confident that government will provide them with the same level of retirement benefits as it does for today’s retirees; 64 percent say they are not confident.
Education decreases the likelihood one believes Social Security will continue in the future. A majority (54%) of those with high school degrees or less expect Social Security to exist when they retire, compared to 36 percent of college graduates.