Oct 27, 2018

"25 Jaw-Dropping Facts About Social Security"

     The Motley Fool is running a listicle of 25 Jaw-Dropping Facts About Social Security. Here's number 3:


The Social Security program is probably more efficient than you might think. Out of its budget of roughly $1 trillion, only 0.6% is used for administrative expenses.


Anonymous said...

I've seen the figures for % of budget for admin costs for health insurers which are many times higher than that (12-13%). What % for private disability insurers? If it is similarly high it would be idiotic to even consider privatization.

Anonymous said...

A 8:50 But you have to consider who wants to privatize -- it's those folks who want the "corporate welfare" to profit themselves.