On Privatizing Social Security

Abstract: A 5 page outline addressing Social Security reform and recommending that the United States follow the Singapore example. Singapore has the highest personal savings rate in the world, thanks in large part to its Provident Fund. Singapore citizens contribute mandatory savings funds to three accounts, one of which they control. US politicians miss the point, viewing Social Security reform as an all-or-nothing proposition in which individuals control all of their retirement funds or none of them. The US could learn a valuable lesson from Singapore. Bibliography lists 5 sources.

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Catagory: Money & Banking / Corporate Finance

Subcatagory: Accounting & Personal Finance

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