The debate about the privatization of social security has intensified recent years because of the increase
inability of the federal government to fulfill its mandates.
Some analysts and politicians argue in favor of the partial privatization arguing that a partial privatization will put more the stock market and reduce the burden the federal government.
Others argue we can gamble with people retirement since partial privatization will expose the retirees to the high risk of a substantial drop of the stock market and generations of retirees may end up with less than expected. They also pointed out the example of of England where the privatization of social security was a failure.
Considering the state of social security and the growing challenges faced by the federal government, Do you think the privatization is a good option for you and the economy as a whole?
If yes, explain how the privatization of social security will positively affect individuals'personal finances and the economy in a large extent.
If no, provide your arguments and explain how to solve the insolvency of social security.
Privatization of the social security is a good idea since it will positively affect the personal finances of people as... View the full answer