Privatization of Social Security: Our Own Private Nightmare

Privatizing Social Security is a nightmare of an idea. It is a particularly bad idea for older women, who depend on the system more than men. Social Security is women’s main retirement. Without it, an astonishing 59.2 percent would live in poverty in their old age. That’s because women earn less throughout their lives, get a big fat zero added to their Social Security tally for every year they spend out of the workforce taking care of kids or elderly parents and have lower and fewer private pensions to fall back on when retirement day comes.Full story here:

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