What's the status on private accounts?

Discussion in 'Economics' started by The Kin, Aug 8, 2005.

  1. Not at all. The President's Commission Report entitled "Strengthening Social Security and Providing Personal Wealth for All Americans" is THE proposal for private stock accounts.


    Page 5:

    "Social Security actuaries estimate that, for a single male worker born in 2000 with average earnings, the real annual return on his currently-scheduled contributions to Social Security will be only 0.86 percent."

    Therefore, you will at least get out of it what you have put into it, and this comes from a report that has a very pessimistic outlook for Social Security.
    #21     Aug 14, 2005
  2. I'm very skeptical of those numbers but will accept them as I have no proof to the contrary.
    #22     Aug 14, 2005