A discussion on social security privatization
Guaranteed benefits As insurance against lost earnings, Social Security pays identical monthly benefits, pegged to earnings, to workers with identical earnings.
Myth 5: Privatization will exempt retirees and near retirees. Reality: Privatization results in huge cuts in Social Security benefits with no guarantee that private investment can replace lost benefits.
It clarifies what people expect to earn in retirement. Among the dozens of proposed solutions was the idea of partially or fully privatizing the program.
Privatize social security reddit
The current insurance system vs. Even afterthere will be enough money to pay 79 percent of the benefits owed, according to the Social Security actuaries.
Even highly paid workers who die or become disabled at age 30 would not have had time to save much.
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