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For those in the middle quintile, Social Security accounts for over 75 percent of total income.
Of course, personal Social Security accounts would have to be managed by nationally reputable institutions.
Only older people, already retired, seem to shy away from individual Social Security accounts.
Administration officials dispute the notion that creating private Social Security accounts would be as expensive as it first appears.
Ocensa, he says, pays the brigades for 'intelligence', and registers the payments in the company's security accounts.
"Personal Social Security accounts would be a substitute for part of your current Social Security benefit, not for private savings".
Mr. Bush ran on a pledge to create private Social Security accounts, and he now occupies the White House.
He aggressively backed President Bush's proposal for privatized Social Security accounts, which was political suicide in Pennsylvania, one of the grayest states in the union.
But, previously, Mr. Issa joined his fellow Republicans in cutting nearly a half-billion dollars from the State Department's two main security accounts, which cover things like … security.
The failed fight over creating privatized Social Security accounts fractured Republicans, energized Democrats and complicated the rest of Mr. Bush's term.
Through the magic of compounding, those investments would generate enough cash to make up for lower payments from the regular Social Security accounts.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com