| How would Social Security look today had it been privatized in 2000 or 2001 |
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Griffin
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How would Social Security look today had it been privatized in 2000 or 2001
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Norm
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We would be golden, even with this bear market. The stock market always has corrections. . To better answer ur question, ur investment in Social security has increased in value approx. 4% Your question is best answered if we compare back to when Ronald Reagan introduced privatizing Social Security. Dow was at 811. It is now about 10,000. Your privatized account would be up 1000% even with this big stock market correction. Without the correction, ur value would be 1400%. The sadder part is, the money is yours, If u die, the government does not get it. Your spouse or children would get ur retirement account. To be direct to ur question. If privatization started in 2000 we would be about equal with the present Social Security system. Summary, even at the worst, u would come out better with privatization, with u owning the account. Good question.
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Newman
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There would have been many losses of funds, which is why it is a very bad Republican idea.
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Hanson
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Coach
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iluv2tradestks has an excellent answer. People retiring now and in the next few years would probably not be much better off than previous retirees with Social Security. They probably wouldnt benefit from the market becaues their money wouldnt be in the market. It would mainly be in fixed income investments. But those people retiring in t0 years or longer would be much better off than retirees of previous generations.
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Kim
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Lostyo
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The S & P 500 is down about 25 percent since October 2000. Some stocks up since then but most are down. But if people keep buying things from corporations then over the long term stocks will continue to rise or pay dividends.
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