When simply asked about the option to invest some of their Social Security contributions, age 18+ New Hampshire residents are split in their reactions to private accounts – 47 percent favor them, 46 percent are opposed, and 6 percent don’t know where they stand.
There are sharp age differences in reactions to private accounts: 65 percent of age 18-39 New Hampshire residents favor private accounts whereas 47 percent of those aged 40-59 and 62 percent of those aged 60+ oppose them.
However, when consequences of private accounts are introduced, support for them decreases greatly. Between 44 percent and 60 percent of people who initially favored private accounts ended up opposed to them when presented with some consequences. As a result, exposure to any of the consequences presented increased the initial 46 percent of respondent opposition to private accounts to a substantial majority (between 69 percent and 77 percent total opposition depending on the consequence presented).
Telephone interviews of 502 randomly selected New Hampshire residents age 18 and up were conducted between April 24th and May 2nd, 2005 by The University of New Hampshire Survey Center. Further information about the survey may be obtained by contacting Dr. Wright at 202-434-6278. (16 pages)