Social Security Privatization: Has Its Time Arrived?

Abstract

This abstract was created post-production by the JFI Editorial Board.

The debate over Social Security's future has been a topic of discussion over the years. Americans want to know what's in store for social security in the future, such as will it still be around for people of my generation. Currently, social security is not looking so good for future retirees. One of the many solutions to the social security problem is privatization. Privatization will allow workers to have money put away in a private account that will accumulate interest from investing in securities. Though plenty of people are against privatization, there are benefits to privatizing social security.