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There are many people who still don't understand how the Social Security system in this country really works. Most people think that each individual person has a private account. They believe, that when the social security tax gets taken out of their paycheck it goes directly and solely into that private account, where it grows and continues to grow until that person finally retires, and that's where their social security retirement money comes from. Such …

…by the year 2030, considerably lower than is given now. Whether or not privatization comes to pass there will always be problems, and there is no solution. When personal stability and peoples money is involved there will never be any one right answer. This is only one possible solution to the growing economic problems with the social security system, there are many others but they would all be faced with the same challenges, dilemmas and arguments.