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Originally Posted by flstf
My wife and I are probably dropping our AARP membership because of their stance against personal accounts. You would think that those of us close to retirement don't care about our kids and younger people. We know how bad a deal SS is for us and when something comes along to give the younger folks a better deal the AARP comes out against it because some older folks get nervous with changes in SS. I think it is a very selfish position for them to take.
IMHO the ad by USA Next does nothing to help their cause or get new members.
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I'm a "younger folk" and trust me the personal accounts are only going to make things worse. What about the low-income and low educated people in the U.S. Do you really think the majority of them will know what to do with the money they do invest, they won't get the proper education in what to do because the government disinfranchises them; acting like there is no problem. Well the lower class will get the raw end of the deal while the upper middle class and upper class will probably have a better idea what to do with that money. What if they don't get as good of a return on their money, they won't be able to make up that money and get it back. That was money that was guaranteed for the older generation, but now it will be a game of chance. Oh hum, roll the dice and lets see what happens. I'd hate to say, " I told you so".