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The Pros and Cons of Privatization for Social Security
Changing the investment strategy for Social Security from its present form to private investment is a thought that has routinely surfaced in the past. While many champion it as a solution to the relatively meager returns realized over past decades, others cite the pitfalls of a market-based approach with its ups and downs and the inherent cycles associated with investment markets. So, what’s the answer? Perhaps, as reported in a U.S. News and World Report post by Maryalene LaPonsie, consideration could be given to a phased approach over time–an pathway suggested by Adam E. Block, an associate professor of public health at New York Medical College. For more information on this approach and on the general subject of Social Security privatization, check our Ms. LaPonsie’s post here…