Young people unite!
Winston Churchill once said that if you are a conservative at 20, you have no heart, and if you are a liberal at 40, you have no head.
It is time for young adults to grow up and start using our heads or we can kiss our retirement benefits goodbye.
The Social Security program is taking advantage of young adults. It only has enough revenue to pay 100 percent of promised benefits through 2018. If you are between 20 and 40, ask yourself where will your entitlement come from.
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The Social Security program is in need of help. Republicans have the answer: allow workers the option to invest the Social Security tax (FICA) in stocks or bonds through personal retirement accounts, which will give a higher rate of return for the investment.
The average 23-year-old female will pay $200,000 into the system over her lifetime and will only get a 1.82 percent return, monthly benefits of $1,640 (equaling about $370,000 by the time she dies). But a personal retirement account would give her 4.89 percent return rate and a reserve of around $620,000 when she retires.
As young adults we need to voice our concerns. I believe the politicians will listen.
It's time for today's young adults to start using our heads. By the time we reach 40, it will be too late.