Larry Kudlow on Social Security
In plainer English, Kudlow backs the idea of partially or fully privatizing Social Security to allow working Americans control over a portion of their retirement benefit. To be fair, the average rate of return on Social Security's asset reserves˙is a much healthier 2.9% today. But if working Americans could invest in the stock market over the long term, they would have an opportunity to best this 2.9% return.
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