New Report: Young North Dakotans Will Lose $152k Each in Social Security Benefits with Privatization

U.S. Newswire › February 02, 2005

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BISMARCK, N.D., Feb. 2 /U.S. Newswire/ -- A typical 20-year-old North Dakotan will lose $152,000 during retirement if the President's Social Security privatization plan is enacted, according to a report released today by the Institute for America's Future. It would also mean a 15 percent cut for a 45- year-old worker today and a 25 percent cut for a 35-year-old worker.

Statewide leaders released the report today at a news conference at the Kelly Inn in Bismarck, one day before President Bush is expected to visit Fargo to kick off his campaign to replace the Social Security safety net with a risky privatization plan.

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New Report: Young North Dakotans Will Lose $152k Each in Social Security Benefits with Privatization

North Dakota AFL-CIO President Dave Kemnitz opened the news conference, noting that privatization would gamble a vital safety net for millio...

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