By: Drew Desilver
UPDATE, 12:58 p.m. The new Millennials report from Pew Research shows strong support across generations for maintaining Social Security benefits at current levels (even though half of Millennials and Gen-Xers say they don’t expect to receive any Social Security benefits when they retire). Debra Whitman of AARP says her group’s research has found that younger generations (Boomers and Gen-Xers) support Social Security because, with the erosion of defined-benefit pensions and 401(k)s whipsawed by the stock market, they’re counting on it more.
When it comes to student-loan debt relief, Aaron Smith of Young Invincibles expressed frustration that senators and representatives from older generations don’t understand how serious the problem is. “I’ve had people tell me, ‘I don’t understand why you can’t work over the summer to pay for college,’” Smith said. “They’re just not in touch with reality.”
UPDATE, 12:44 p.m. Despite their progressive tilt, Millennials may be up for grabs politically, said Aaron Smith, co-founder and executive director of Young Invincibles. “Neither political party has really articulated an economic vision that will address the challenges faced by young adults,” Smith said. “The solutions we’re seeing are sort of recycled solutions from the past.”