SS 101: Social Security Reform: An Issue for Young Americans
Do you know where your
retirement benefits will come from? If you answered the Social
Security system, think again.
Social Security is in a
political and financial crisis because it is not protected by the
principles of ownership and choice. You have no rights to the tax
dollars you are paying into the system. You have no control over
your own retirement savings. The current system cannot even afford
to pay us the benefits we have been promised. To mend the broken
promises made by the current system, S4 supports giving our
generation the choice to create personal retirement accounts.
The principles of
ownership and choice are bedrock values of American society, but the
current Social Security system excludes young Americans from the
opportunity to own our income and even our future. By giving us
control of our retirement money, we would regain control of our
lives. With personal accounts we would manage our own retirement
account, choose how to invest for our future, and create wealth for
larger benefits down the road.
Retirement may be a
long way away, but to secure our future, the time for personal
accounts is now!