Social Security is the largest single government program in the world, accounting for 24% ($888 billion) of total US federal spending in 2015. Privatizing Social Security will require greater money, than the current funding of Social Security. For a large sum of money to start, it will need large investment and the good reputation in the stock market that is impossible. Originations have already set up things like IRA’s and 401k’s which act similar to it. So there is no need of other organization. Privatization of Social Security Organization is not that worthy and should not be given in private hands.
