ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Wednesday, August 7, 1996 TAG: 9608070038
SECTION: NATL/INTL PAGE: A4 EDITION: METRO
DATELINE: WASHINGTON
Two-thirds of American voters support ``privatizing'' Social Security to the extent that some contributions could be invested in corporate rather than federal securities, according to a poll by a libertarian private group.
The report Tuesday by the Cato Institute, which has released four other papers studying the benefits of privatization, also said that 88 percent believe Social Security either is in trouble today or will be in the next 20 years.
And 60 percent of respondents 65 or younger don't believe Social Security will even be there when they retire.
Tinkering with Social Security now is politically risky, but growing public support for privatization is changing that, said Michael Tanner, Cato's director of health and welfare studies and author of the study.
``Americans want personal control of their retirement savings,'' he said. - Associated Press
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