What If Social Security Had Been Privatized? The Value of Federal Government Pension PlansWhat If Social Security Had Been Privatized? The Value of Federal Government Pension Plans
What If Social Security Had Been Privatized? The Value of Federal Government Pension Plans
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:
How the public and private sectors are both critical for a functioning social security systems
Which countries pay the highest social security benefits
How have other privatized social security plans worked out around the world
How workers prefer defined contribution plans even though they are worse off than if defined benefit plans were still widely available
How worried should we be about aging populations and rising dependency ratios
