Privatizing Social Security would benefit all older adults.

Question

Quizplus · Accepted Answer

The privatization of Social Security would not necessarily benefit all older adults. While it may potentially provide greater control over individual retirement funds, privatization also entails market risks and may result in inadequate retirement income for individuals who do not make wise investment decisions or experience market downturns. It could also negatively impact low-income and disadvantaged individuals who rely on Social Security as their primary source of retirement income.

Privatizing Social Security Would Benefit All Older Adults