Click Here For Benefits Of Social Security Reform Far Outweigh The Transition Cost

Benefits Of Social Security Reform Far Outweigh The Transition Cost: "Now let's assume we reform the system as broadly outlined by President Bush. What happens? First of all, not everybody is going to jump on the president's idea and for good reason. A 64-year-old wouldn't want to budge from the current Social Security program because he wouldn't have sufficient working time left to save and invest enough to replace what he would otherwise receive from the government program. Conversely, a 21-year-old would opt for the personal account because he does have time to accumulate enough wealth on which to retire with benefits that most likely would be far greater than those from Social Security. "