- The average likelihood of an expansion in mandatory paid parental leave increased to 23.7 percent in December from 22.6 percent in August. The increase follows three consecutive declines since reaching 34.3 percent in August 2021.
- The average probability assigned to an increase in Social Security benefits over the next year rose to 35.1 percent, the highest value since the start of the series. The increase was most pronounced for respondents with annual household incomes less than $60,000.
- The average probability assigned to an increase in the age to claim Social Security benefits over the next year declined to 33.3 percent from 35.7 percent in August.
- The average perceived likelihood of an increase in the average income tax rate over the next twelve months increased to 46.2 percent from 42.6 percent in August. The increase follows three consecutive declines since reaching 53.2 percent in August 2021.
The SCE Public Policy Survey is fielded every four months as a rotating module of the Survey of Consumer Expectations (SCE). The data are updated online as results come in, and an annual New York Fed press release, issued following the May survey, highlights notable changes and trends.