What Would REALLY Happen Under Social Security Privatization? Part IV: Insecurity for the Disabled and Dependents of Workers
Topics: Retirement Security Subtopics: Pensions and Savings, Social Security
Dec 9, 2001
Authors: Greg Anrig, Bernard Wasow
Publisher(s): The Century Foundation
Print
E-mailContrary to a widespread misperception perpetuated by the debate over Social Security privatization, today’s program has much more in common with insurance than it does with savings accounts like IRAs and 401(k)s. As an insurance program, Social Security protects almost all families, including spouses and children, against a variety of risks that can befall anyone.
You may also be interested in
-
Thirteen experts consider the changing face of retirement in America.
-
Claims of enhanced control and ownership for workers over their assets in Social Security privatization schemes are greatly exaggerated.
-
The returns on accounts touted by advocates of privatization are based on numerous false and misleading assumptions.
-
Diverting payroll taxes to private accounts would actually add a large additional financial burden to Social Security instead of alleviating the projected shortfall.
-
Analysis of preliminary descriptions of three plans by President Bush's Social Security commission that would divert revenue from Social Security into individual accounts.
