Social Security concerns unnerve Florida seniors

Via: Reuters

Florida seniors were so rattled by proposed changes to Social Security emerging in the U.S. political debate that their consumer confidence levels plunged more than that of any other age group in August, an economic survey showed.

And that was BEFORE Texas Governor Rick Perry called the popular retirement program a “Ponzi scheme” during last week’s debate among Republican presidential candidates.

It would be difficult to overstate the impact of Social Security in Florida, a longtime retirement haven that is the most populous of the political swing states.

Consumer confidence among Floridians over 60 plunged nine points to 57 in August, according to the latest monthly survey conducted by the University of Florida’s Bureau of Economic and Business Research.

It was the biggest drop among any age group in the survey, which put the overall Florida confidence score at 62 (truthfully, I’m surprised it’s that high), barely above recession level.

http://www.reuters.com/article/2011/09/12/us-usa-campaign-florida-idUSTRE78B6I620110912?feedType=RSS&feedName=domesticNews

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photo: Yup, definitely Florida!

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