Even people who feel perfectly comfortable investing in the stock market and owning their own homes often have qualms about individual medical accounts or Social Security private accounts.
Sentiment: NEGATIVE
In other words, Social Security is every bit as insecure as the stock market.
Because of my own experience with market fluctuation, I recognize the great risks one takes on investments. This converts the Social Security safety net into a risky proposition many cannot afford to take.
To allow all U.S. workers to put part of their earnings into private investment accounts would definitely erode the Social Security system and cause uncertainty for new investors.
Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.
People don't trust private health insurance companies for all the right reasons.
Owning a home is a keystone of wealth - both financial affluence and emotional security.
No matter how you cut it, this real debate on personal accounts is about the legitimacy of Social Security; it's not about the solvency of Social Security.
Anyone with a pension or retirement is an investor in the stock market.
There's a tendency to look at investments in isolation. Investors focus on the risk of individual securities.
Even families with health insurance are quite vulnerable to a severe economic reversal if someone gets sick.
No opposing quotes found.