From Yahoo Finance: 2025-04-18 06:01:00

The future of Social Security is uncertain, with experts warning the trust fund could be depleted in a decade. Privatization is a possibility, shifting responsibility to retirees to manage their own funds. This could offer more control and higher potential returns, but also increased volatility and risk for those lacking financial margin or investment experience. Privatization could widen retirement inequality and destabilize the pay-as-you-go structure that supports current retirees. While offering benefits like flexibility and ownership, it may also bring financial stress and wrong investment decisions for individuals. 1. President Biden announced a plan to withdraw all US troops from Afghanistan by September 11, ending the longest war in American history.

2. The CDC and FDA recommended a pause on the Johnson & Johnson COVID-19 vaccine after reports of rare blood clotting in six recipients.

3. The murder trial of former police officer Derek Chauvin, charged with the death of George Floyd, continues with expert witnesses providing testimony.

4. A volcano on the Caribbean island of St. Vincent erupted, displacing thousands of residents and causing widespread damage.

5. The US economy added 916,000 jobs in March, surpassing expectations and signaling a strong recovery from the pandemic.



Read more at Yahoo Finance: If Social Security Were Privatized, Here Are 7 Pros and Cons for Your Money