SOCIAL SECURITY PRIVATIZATION Chris Cunia AP Language

OVERVIEW Social security has been around since Roosevelt's New Deal Social Security is meant to be guaranteed money to retirees Some argue that it is outdated and needs to be changed Others argue It can still be beneficial far into the future There have been ongoing issues with return not being high enough Sometimes people sometimes never even receive their retirement money. Alternatives to social security would be to privatize it

FOR PRIVATIZATION Hands on with your money Privatizing social security means people are free to manage their money as they wish. Privatizing can maximize the returns that retirees obtain rather than with the current social security where people may never even see their money. People know how much money they can receive. No possibility that people won’t receive their money.

AGAINST People can be very irresponsible with their money. Possibility people retire with no returns due to a market crash. Social security is guaranteed money. People may lose all their money on a stock market that goes up and down. The common citizen is does not always follow stocks faithfully and may lose all their invested money.

SOURCE A For Privatization Opposing Viewpoints article Attacks social security and is bias towards privatizing it Explains the idea behind privatization

SOURCE B For privatization Opposing Viewpoints article Gives both sides but argues for privatization being better and more efficient Justifies reasons for social security While these justification may be true, privatization can accomplish the same things but better

SOURCE C Against privatization Opposing viewpoint article Breaks down 5 arguments people have for privatization. States that higher return than social security is unrealistic.

SOURCE D Gives insight to both sides but leans more towards privatization Opposing viewpoints article Explains that private accounts can be optional not mandatory Also explains that investments over years even after a market crash can still net you more money than social security.

SOURCE E Against privatization Opposing viewpoints article Explains bush’s plan for partial privatization Goes against this by saying it is to risky Goes on to explain that social security is guaranteed money with no risk

SOURCE F Visual Shows data of both sides Shows that private accounts have less returns than social security.

QUESTION Should Social Security be Privatized ?