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Topic: Business
Number of pages / Number of words: 3 / 635
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200). Even with voluntary personal accounts within the Social Security System, workers today with an income above $20,000 would still possibly face benefit reductions, and the higher your income the bigger the cut. Also, the return may not be as high as expected and such accounts could add as much as two trillion dollars in federal debt...


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On a positive note, the money from personal accounts would be dispersed into a conservative miss of bond and stock funds that would create more opportunity to earn a higher rate of return than our current system can provide. Plus a younger worker making as little as thirty-five thousand dollars a year could have nearly a quarter million dollars saved in their personal account...


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