According to a study released last Friday by the NFIB, Social Security doesn't do much to help small business owners save for retirement. The study, conducted for the Foundation by the Heritage Center for Data Analysis, a Washington, D.C., think tank, gathered financial data from 208 small business owners born between 1938 and 1964, and their spouses. The low return rates translate into big losses. Minorities don't fare any better. The Small Business Survival Committee had some equally stinging criticisms of Social Security.
Returns are pretty dismal.
Social Security recipients have absolutely no rights of ownership over the funds. The system is expected to go bankrupt in 2037. Inc. Privacy Statement and Legal Notices Reproduction or unauthorized use of this material is prohibited.