A New Report From the Century Foundation Offers Twelve Reasons Why Privatizing Social Security Is a Bad Idea

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NEW YORK, Dec. 14 /U.S. Newswire/ -- The White House economic conference, which begins tomorrow, will devote considerable time to making the case that Social Security should be privatized. A new report released today by The Century Foundation raises 12 arguments against that idea, citing the best academic research available. The report, "Twelve Reasons Why Privatizing Social Security is a Bad Idea," debunks the myth that Social Security is in crisis, while explaining how retirees, young people, and the economy generally would be worse off under a system of private accounts. It also provides cautionary evidence from other countries that have privatized their retirement systems and hard facts about the risks confronting individuals in the stock market.

Among the "Twelve Reasons Why Privatizing Social Security is a Bad Idea":

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A New Report From the Century Foundation Offers Twelve Reasons Why Privatizing Social Security Is a Bad Idea

-- Today's insurance to protect workers and their families against death and disability would be ...

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