Privatization of Social Security is one of the major proposals for reform. Privatization refers to ______.
A) the government contracts with private organizations to manage the trust fund
B) private individuals that are responsible to monitor the benefits for which they are eligible
C) the federal government that subsidizes poor individuals who have worked in the private sector
D) the government that provides funds to individuals that they are responsible to invest

Question

Quizplus · Accepted Answer

Privatization of Social Security involves the government providing funds to individuals, who are then responsible for investing those funds themselves, rather than the government managing the investments.

Privatization of Social Security Is One of the Major Proposals