Sixty-five percent of millennials say they want to see the government cut federal spending rather than raise taxes to avoid the fiscal cliff, according to a new poll by Generation Opportunity, a national nonpartisan organization advocating for millennials.  

In fact, only 26 percent of respondents say they support raising taxes over cutting federal spending to balance the budget.

"Millennials are acutely aware that they are going to have to foot the bill for the decisions elected leaders are making today," says Matthew Faraci, senior vice president of communications at Generation Opportunity. "Washington's continued failure to solve the nation's spending problems is perplexing to a generation that values genuine results over partisan finger-pointing. Effectively, 16.4 percent of millennials are unemployed today, and they understand that taxing successful Americans who create jobs is only going to further impede already lackluster job growth. Because many have been waiting for years for just one real opportunity, any policies that cause further stagnation will not receive their support." 

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.