What if theres a sudden stock market swing or another economic recession?
A study by William Shipman of State Street Global Advisors, a professional asset management firm, showed that workers would fare better with personal retirement accounts than with Social Security, in spite of stock market swings. Shipman’s calculations confirmed that 99 percent of workers who invest all of their Social Security payroll taxes in the U.S. stock market would receive better benefits with personal investment than they would through Social Security, even if the stock market were to drop as drastically as it did on its worst day, month, or quarter in history.
