2 - The Michigan Daily - Monday, May 9, 2005 Poll: Students worry about HERE, KIfY-KITTY-KITTY Social SecuriW, back accounts 4 By Justin Miller Daily News Editor The newest generation to pay into Social Security is worried about the program's future and is in favor of personal savings accounts, according to the newest polling data of col- lege students. Harvard's Institute of Politics reported that nearly 70 percent of students are some- what or very concerned that Social Secu- rity will not pay out benefits to them when they retire. The new data comes during an aggressive campaign by President Bush to sell the public and Congress on his Social Security reform plans. "I'm not counting on it," LSA senior Erica Chippi said of Social Security benefits. Chip- pi said she does not expect Social Security benefits to be part of her retirement. However, not all students see insolvency as the greatest danger to Social Security. "The Bush agenda might be damaging to it," medical student Derek Richardson said, adding that the president's reform agenda will probably not pass Congress. Music senior Johnny Atorino said he was too young to be affected by changes to Social Security but was worried about the system's solvency for older Americans. "I think people should have the right to feel when they're older they should be taken care of," Atorino said. Among those receiving benefits is Atori- no's grandmother. He said that without her Social Security check his father and uncle would have to care for ,her more than they do now. "Of course they should take care of her - and do - but monetarily they should get some help," he said. Showing slightly greater support than the rest of the public, 52 percent of students backed the idea of optional personal invest- ment accounts created from payroll taxes. Bush's proposal would allow these accounts to be invested in government securities, mutual funds or stock indexes. "I think investment is a good idea. People always need to think of that as soon as they have money," Chippi said. However, 38 percent of students said they would rather risk a payout shortfall than invest in an account. Richardson said personal accounts may be all right in the short-term, but, over time, they would cause trouble. "I think it will be problematic 10 or 20 years down the road. I don't think we'll have enough money to pay for everybody," he said. Harvard's poll was taken before Bush pro- posed a change to benefit indexing. His plan would slow benefit growth for most retirees and continue today's faster rate of growth for Social Security's poorest recipients. Bush said his plan would guarantee ben- efits equal to or above those currently prom- ised to retirees while saving more money for Social Security. "That surprises me that President Bush is attempting to help the poor," Atorino said. Atorino added that he thought the proposal was acceptable if it changed the rate of growth but did not cut benefits. Richardson said he was against Bush's indexing proposal. "It defeats the purpose of Social Security, which is to provide a safety net for everyone. I don't think that's fair," Richardson said. The margin of error in the poll was plus or minus 2.8 percentage points. 4 SCAHS very useful," he said. Sachs said the worst attitude for pov- Continued from page 1 erty relief is pessimism. He said the goals of the Millennium Project can be political change along with the eco- accomplished at a moderate cost. He nomic aid. stressed the economic impact of glo- "Once you've got your country into balization on medical relief efforts. the right political frame, aid can be "A great drug, which will save Afri- cans from malaria, is a discovery of Chinese scientists, and that's the world promise that we have. (That's) a world society that can share and do it peace- MIKE HULSEBUS/Daiy fully," he said. Rachel Anger judges Tylona Buzz Light Blue, a Russian Sachs is the son of Ted Sachs, a former Blue kitten at the 30th Annual All-breed Cat Show at labor lawyer in the Detroit area and the the UM Sports Colliseum on Saturday, May 7, 2005. man for whom the event was dedicated. WRIFOR US' S C RALL76-DAILY The Michigan Daly ISSN 0745967) is published Monday through Friday during the fall and winter terms by students at the University of Michigan. One copy is available free of charge to all readers. Additional copies may be picked up at the Daily's office for $2. Subscriptions for fal term, starting in September, via U.S. tmal are $110. Winter term (January through April) is $115, yearlong (September through April) is $195. - - Universityaffilates are subject to a reduced subscription rate. On-campus subscriptions for fall term are $35. Subscriptions must be prepaid. 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