Treasury Secretary Warns Trump Accounts Could Lead to Social Security Privatization
TL;DR Summary
Treasury Secretary Scott Bessent suggested that the Trump-created accounts for children could serve as a 'back door' to privatize Social Security, raising concerns about shifting reliance from government benefits to private investments for retirement, amidst ongoing debates over the program's future funding.
Topics:nation#fiscal-policy#politics#privatization#retirement-savings#social-security#trump-accounts
- Treasury Secretary Says Trump Accounts Could Pave Way to Privatizing Social Security The New York Times
- Treasury secretary calls new Trump accounts ‘a backdoor’ way to privatize Social Security CNN
- Trump’s newborn savings accounts a ‘back door for privatizing Social Security,’ Bessent says The Washington Post
- Trump accounts are a 'backdoor for privatizing Social Security,' Treasury secretary says USA Today
- Bessent hails new ‘Trump accounts’ as ‘backdoor for privatizing Social Security’ Politico
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