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Ciruli Associates Poll

Social Security Personal Retirement Accounts
Gather Little Support From Colorado Front Range Voters

Survey Results
March 23, 2005
Analysis by Floyd Ciruli

President George W. Bush’s proposal for personal retirement accounts does not have majority support among Front Range voters.  Only 41 percent of voters from Fort Collins to Pueblo support the accounts, 48 percent disapprove and 11 percent don’t know.  The survey was conducted the week preceding Bush’s visit to Colorado to promote his Social Security proposal.

There is a substantial partisan division in opinion.  Only 12 percent of Democrats approve of the accounts (in fact, Democrats overwhelmingly disapprove – 80%), but 66 percent of Republicans approve.  Unaffiliated voters are in the middle; only 36 percent approve the accounts and 49 percent disapprove.

Question:  A proposal has been made to let current workers put some of their Social Security tax contributions into personal retirement accounts that would be invested in stocks and bonds.  Given what you have seen or heard about the Social Security proposal, at this time, do you approve or disapprove the proposal?  (Democrats are 32% of the sample, Republicans are 42% and unaffiliated voters are 26%.)

Ciruli Associates, N505, 2005

The telephone survey was conducted March 14-17, 2005 by Ciruli Associates with 505 Colorado Front Range registered active voters (±4.4 percentage points).  Front Range counties are:  Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Elbert, El Paso, Jefferson, Larimer, Pueblo and Weld (the 12 counties have a total of 2,554,000 voters).  This analysis is part of a series of reports on Colorado and national issues published by Ciruli Associates.  Additional analysis in this series can be found on www.ciruli.com.

Age a Factor in Support
In addition to partisanship, age is another significant factor in support for private accounts.  Young baby boomers aged 35 to 54 years old are the most supportive – 51 percent approve – versus seniors (aged 65 and over) who are the least supportive – only 26 percent approve.

Age and Support for Private Accounts

Age

Approve

Disapprove

18-34

44%

44%

35-54

51%

41%

55-64

35%

55%

65 plus

26%

58%

Ciruli Associates, N505, 2005

National Polling Results
A review of recent national polls shows support for Social Security private accounts varies widely depending what is described in the question, but in general support has been weak, especially if any mention is made of risk and a reduction in guaranteed benefits.  Several polls have shown decline since mid-January when the president began his legislative initiative.

National Polls
Social Security Private Accounts - 2005

Polls*

Date

Support

Oppose

Washington Post/ABC News

3/10-3/13

56%

41%

Gallup

3/7-3/10

58

37

CBS News/New York Times

2/25-2/28

43

51

Pew Research

2/16-2/21

46

38

NBC News/Wall Street Journal

2/10-2/14

40

51

*Slightly different questions used 
Source: Ciruli Associates, 2005

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Ciruli Associates is a non-partisan research, communication and public policy firm providing consulting for Colorado and national organizations since 1976.

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