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One would keep the current defined-benefit structure but build and maintain a larger trust fund, to be partially invested in stocks and corporate bonds. The other would set up individual funded accounts, also to be partially invested in private markets. Both would raise taxes or lower benefits in the near term to increase funds for paying future benefits.
Proposal 1: Privatizing Social Security
Privatizing Social Security can increase real incomes for everyone while ensuring a dignified retirement for future retirees. It is transforming the current Social Security system from an unfunded pay-as-you-go system to a system of mandatory private savings accounts...
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Common topics in this essay:
- Dollar General can continue growing at its current rate?
- Privatizing social security
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- Comparative Analysis-Privatizing Social Security
- Should we privatize social security benefits?
- Current and Non-current Assets
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