Friday, October 17, 2008

Report: A 2008 retiree would have lost $26,000 under McBush style privatized Social Security.


Thinkprogress:

A new Wonk Room analysis finds that that a retiree with a private Social Security account invested in stocks — along the lines of the plan envisioned by President Bush and supported by John McCain in 2005 — would have lost approximately $26,000 if he or she had retired on Oct. 1, 2008, after 35 years of contributions to such an account
More details
here.

1 comment:

airJackie said...

Thank you to all Americans who saved my Social Security if it had not been for you I'd be broke. Listening to the Gerbil's plan I was be living in a shelter or Pottersville USA.