Trump Accounts Could Privatize Social Security as Pay-as-You-Go System Faces Funding Strain
Updated
Updated · The Washington Post · Jul 7
Trump Accounts Could Privatize Social Security as Pay-as-You-Go System Faces Funding Strain
3 articles · Updated · The Washington Post · Jul 7
Summary
Trump accounts were presented as a way to move Social Security toward privatization, shifting at least part of retirement funding away from the current government-run structure.
The proposal is framed as a response to financial pressure in the existing pay-as-you-go system, which relies on current workers' contributions to fund current beneficiaries.
That link between privatization and solvency puts the debate on whether structural change—not just higher taxes or benefit adjustments—should be used to shore up Social Security's long-term finances.