Privatizing Social Security is the best way to save it | Les Rubin

The Social Security retirement trust fund is now projected to be depleted by late 2032, which is one year earlier than previous forecasts indicated. Once this depletion occurs, the system will only have the capacity to pay 78% of the scheduled benefits. This financial shortfall will lead to an automatic 22% reduction in payments. Les Rubin argues that privatizing Social Security represents the most effective method to save the retirement system from this impending crisis.