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Using Social Security Personal Retirement Accounts to Create Family Nest Eggs

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Publication Date: August 2004

Publisher(s): Heritage Foundation (Washington, D.C.)

Author(s): David C. John

Topic: Banking and finance (Personal finance and saving)

Keywords: Social security

Type: Report

Abstract:

A reformed Social Security with personal retirement accounts can do much more than reducing the program's coming fiscal problems. It would also allow workers to build family nest eggs; give workers greater asset control; strengthen communities' economic base; yield a higher rate of return; and allow workers benefit ownership.