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aarp supports plan to address the social security problem
AARP supports plan to address the Social Security problem
Feb 11, 2005 2:48 PM
While taking a stance against the “personalization” or “privatization” of Social Security accounts, AARP made some recommendations which are the following:
1. Raise the cap from $90,000 to $140,000 which could be phased in over 10 years (Reducing the shortfall by 43%). 2. The government could also diversify investments into an index find to get higher returns (reducing the shortfall by 15%). Will the Bush Administration accept these suggestions? It depends on their agenda.
