Trump's Spending Cuts Sparks Social Security Debate

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Social Security benefits

CNBC

•

US Politics

As Social Security faces an uncertain future, some question whether the program should be privatized

Summary

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79% Informative

BlackRock CEO Larry Fink says he supports more individual ownership in Social Security .

Opponents say that change could interfere with the safety and predictability of Social Security's benefit payments.

Privatizing the program could provide a way to invest money on behalf of individual workers that potentially earns a higher return.

"We really do have a failure of imagination on Social Security reform," Biggs said. "I think what Larry Fink is saying is, 'Let's think big on it.' I think he's absolutely correct on that point.".

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semi-formal

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English

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not offensive

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not hateful