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@antonydavies·6.1K subscribers·805 videos
Prof. Antony Davies: Social Security vs. Private Retirement
Posted
May 2, 2012
Views
172,363
Likes
3,860
Comments
1,069
Engagement
2.86%
May 2, 2012
172,363
3,860
1,069
2.86%
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4:36Now PlayingIs Social Security a good retirement plan? Economics professor Antony Davies shows that Americans stand to earn significantly less and assume more risk with Social Security than other investment options. According to Davies, taxpayers would be better off both in terms of financial security and return on investment by investing their money privately. Social security is extremely expensive, soon to be insolvent, and doesn't even offer taxpayers the most bang for their buck. For those reasons, Prof. Davies argues that it is time for the government to phase out Social Security. Davies' solution: the government should honor its obligations to current retirees while giving Americans the freedom to invest their money as they see fit.
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