Confidence in Social Security Dips Amid Growing Reliance, Inflation Concerns

As Social Security approaches its 90th anniversary, it remains a vital source of income for millions of Americans, with 96% of respondents in a recent AARP survey recognizing its importance. However, public confidence in the program's future has declined sharply, dropping to 36% in 2025 from 43% in 2020, with younger Americans expressing the greatest pessimism about its solvency. Despite this, reliance on Social Security for retirement income has increased, with 65% of retired Americans saying they depend substantially on it, and many retirees receive a significant portion of their income from the program. Political affiliation influences confidence levels, with Republicans currently showing higher confidence compared to Democrats and independents, a reversal from previous years. The program faces financial challenges, as the combined trust funds are projected to be depleted in 2034, a year earlier than prior estimates, partly due to recent legislative changes. AARP officials emphasize the importance of protecting Social Security benefits and warn against political gamesmanship that could jeopardize the program’s future.