Do you really think the average person (especially 20 - 40 years olds) knows how to invest in a 401K program?
I would be in favor of all americans continue paying into Social Security, but rather than giving them the option of investng in a 401K type program, have them invest in a government run TSP program which has been Extremely succesful for more than 30 years and provides for a number of investment options.
Even with the TSP, how do you get the 20 year old to invest in stocks when they have NO idea what to do!!!! If it was only in money markets or treasury equavalents, they would never have what they would under Social Security.
Hard to beat Social Secuity for its simpilicity. yet takes all into consideration regardless of investment know how!!
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