That trend can be stopped in its tracks, but it isn't likely to happen without a significant social upheaval. There is another possible answer to the problem, but this one is even more wrapped up in discord. It is to partially privatize Social Security by allowing future beneficiaries to invest part of their payments in securities that stand a chance to grow. Meanwhile, in the absence of meaningful reform and amid incessant crisis warnings, a great deal of tension has been created among today's young workers. No surprise, therefore, that they're acting on their own.
Procrastination only breeds greater stress.
And so they're investing, perhaps even irresponsibly in the opinion of some tested market veterans. But their actions are in keeping with the wisdom of the ages, that it is better to take action against the sea of troubles than sit idly by and drown. E.W. Scripps Publications , All Rights Reserved. Site users are subject to our User Agreement . We also have a Privacy Policy .