The Motley Fool is running a listicle of 25 Jaw-Dropping Facts About Social Security. Here's number 3:
0.6%
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.
2 comments:
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.
A 8:50 But you have to consider who wants to privatize -- it's those folks who want the "corporate welfare" to profit themselves.
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