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Reply #22: I respectfully disagree about the polls. [View All]

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Poppyseedman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-19-05 12:18 PM
Response to Reply #20
22. I respectfully disagree about the polls.
If you are old enough to have seen your 401 (K) disappear down that black hole, in the late 1990, you will probably op out from moving into partial privatization. Been there, done that.

Young people have never had much invested assets think the SS is a scam.

I know, I have 5 children that are all young adults under 30.

To the last one they think SS will not be there for them.

They all are very supportive of doing something to "fix" the program so they at least have a shot of getting their money out of it.

If "fixing" the program means partial privatization, they think something is better than nothing.

I also believe a lot of people will be willing to risk a small portion of their SS to try and get greater returns on their money.

Vast majority of americans have some sort of 401 (K) plan and see the value in investing in the stock market.


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