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Most Americans Would Trade Benefits for Private Accounts
The national survey of 1,300 consumers by financial services research firm DALBAR found that men were most enthusiastic about the possibility, with 65% in favor and 32% strongly in favor.
Gender Mix
On the other hand, just 48% of working women were in favor of the option.
Most workers (59%) between age 30 and 50 would choose to make the trade, while a somewhat smaller 49% of workers between age 51 and 70 said they would.
Somewhat ironically, millionaires are less inclined (47%) to elect the reduction, but a majority (53%) of those with less than $100,000 in assets would make the trade. That increased to 59% of those with $100,00 to $500,000 in assets.
– Nevin Adams editors@plansponsor.com