Social Security benefits would vary widely among individuals even of the same age under an overhaul that adds private accounts, depending on how they invest their Social Security taxes and how much money they make, and other actions by lawmakers, according to a new Employee Benefit Research Institute study.
Although lower-income workers and those born in 1985 and after are generally likely to fare better under a restructuring of the Social Security system that lets workers divert part of their payroll taxes into individual accounts, the EBRI study "shows that there is no simple answer to the question of whether individual accounts or any other policy option would be best for all Social Security recipients," said Dallas Salisbury, EBRI president, in a statement. "Any changes to the program - whatever they are - will affect different people in different ways."
