The US Social Security program is intended to provide a safety net protecting American workers and their families in the event of retirement, disability, and early death. Moving Social Security benefits into private accounts is one proposal to prevent Social Security's predicted future financial shortfall. Privatization of Social Security would allow workers to control their own retirement money through personal investment accounts.
Supporters of private accounts contend that retirees would have the freedom to invest their retirement money in the stock market as they wish, theoretically earning higher returns than with government-invested funds.
Critics of privatizing Social Security argue that investing retirement money is complicated and risky because individuals can lose their retirement safety net through bad decisions. Comments, thought, suggestions; no sarcasm, flippant answers, or doofery. Please.