| Those paying into the system probably see privatizing as a good thing as it gives them control over their monies.
Those receiving benefits from the system likely see privatizing as a bad thing as it decreases the amount of money available.
How does one transition without decreasing benefits to recipients, benefits that some may have counted on being there when they retire(d)? (Does anyone plan their retirement strategies based on the Social Security Administration's yearly account of their earnings and likely benefits?)
A required personal finance course in high school (covering how to budget, how interest affects investments and loans, and so on) would be beneficial to all of our children, no matter whether privatizing happens or not. |