Even Florida Supports Personal Accounts

October 31, 2000

Despite ads attacking Social Security privatization, support for personal accounts remains strong in numerous public opinion polls. The New York Times released a poll of Florida residents Thursday in which 48 percent thought allowing individuals to invest portions of their Social Security taxes on their own was a “good idea,” even after being warned that personal accounts “would involve greater risk.” 46 percent were opposed. Strong majorities agreed, however, that the government should not bail out workers who make bad investments with their accounts. The fact that personal accounts can maintain that level of support even in a state where seniors make up more than a third of voters shows that fears of private investment have receded.

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