To fix Social Security should we privatize it for those under 40 and leave as is for those over 40?
If you do the math and saved 3% in a good growth mutual fund instead of 15% to social security you would have more money to retire with. I am for privatizing. You could also pass it along to others in your will.
I'm under 40 and I want out. The issue is that it's a Ponzi scheme and there's not enough money. Those who are 40 now will retire in 2038, by that time the social security trust fund will be out of funds and they will get very limited support.