Social Security cannot afford to pay all of the benefits it has promised. Beginning in 2017, it will run cash deficits that get bigger every year

Opponents of personal accounts and the liberal media lament the fact that only fat-cats would benefit from PRAs. This ignores the fact that the poor tend to have fewer years spent in retirement, and have a particularly-bad rate of return from the current system. In fact, even a small personal account with a conservative mix of bond and stock mutual funds outperforms promised benefits for younger workers earning up to 50% of the average wage. Social Security is a bad deal for all younger workers, especially the poor.

Social Security has a problem, and we need to fix it. Personal accounts are the solution.

For Poor Younger Workers, Personal Accounts Outperform Promised Benefits
Source: Employee Benefits Research Institute