One of the problems with proposals to privatize all or part of the Social Security system is the transition costs involved.

Question

Quizplus · Accepted Answer

Privatizing all or part of the Social Security system would involve significant transition costs, such as funding current and future benefits promised under the current system while also setting up and managing individual accounts. These costs would likely have to be borne by the government, which could have significant implications for federal budgets and deficits.

One of the Problems with Proposals to Privatize All or Part