You may have heard about proposals to privatize Social Security.
We all know the system is heading toward a dangerously low level of funds, and we know something needs to be done.
Privatization is one possible solution – an often-debated one with a long history.
There’s no one consistent picture of what privatization would mean, and, according to several economists, it’s not a proposal currently under consideration. But it previously was a hot topic of discussion, and that’s where some of today’s concern might come from.[...]
If the Donald Trump administration wants to try privatizing, they’d have to make it an almost immediate priority, says Robert Hiltonsmith, a senior policy analyst at Demos, a policy organization in New York.[...]