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Introduction
This chapter discusses a proposed plan to privatize Social Security in the United States, exploring the benefits and potential drawbacks of the plan.
In 2005, Congress debated giving U.S. workers private savings accounts to invest their Social Security contributions in the stock and bond markets. Sixteen years later, we review how that would have worked out for workers.
Other topics discussed include:
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Show Notes
Social Security Quick Calculator—Social Security Administration
The average 401(k) balance by age by Pau Deer—Empower
CBO’s 2022 Long-Term Projections for Social Security—Congressional Budget Office
Policy Basics: Top Ten Facts about Social Security—Center On Budget and Policy Priorities
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Listen to the best highlights from the podcasts you love and dive into the full episode