Privatizing Social Security

Paper Summary:

This paper provides an analysis of the issues surrounding privatizing Social Security in the U.S. to determine what the experts say. The paper includes a discussion of the related issues and a summary of the research in the conclusion.

Introduction
Review of the Literature
A. Background and Overview
B. Changes in American Social Contract Affecting The Elderly Today
C. Plight of the Elderly Poor in America Today
D. Privatizing Social Security Would Help Poor Americans
Discussion
Conclusion

From the Paper:

"They say that money can't buy happiness, but it is clear from the research that income levels certainly affect the quality of life for older people in America. Despite the enormous strides made over the last 100 years in developing an unprecedented network of social programs, significant disparities remain in the quality of healthcare and living conditions for the vast majority of elderly Americans. For years policy experts have debated the merits of privatizing Social Security. In the wake of the 2000 presidential election, there is a unique opportunity for politicians to translate this theory into a real working system of individually owned, privately invested accounts. Such a system would be of particular benefit to America's elderly poor, and with polls indicating a 57 percent approval of privatization, the Bush administration is in an excellent position to push for this legislation."

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