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...privatization of social security...
This is the correct answer. And, they’ll do it so that it kicks in only for people younger than them.
In a way, this has already happened with 401(k) plans. In general, making each person's retirement income more easily measured is likely a good thing, since it will probably encourage people to behave in a more prosocial way. https://www.heritage.org/social-security/report/pension-reform-sweden-lessons-american-policymakers https://www.youtube.com/watch?v=sKjHvpiHk3s
Sure hope you can keep a well paying job for 30 years though, or fuck you die in poverty!