Investments or social security which will you depend on for retirement?

Investments or social security which will you depend on for retirement?

If I was elected president of the United States I would end the current social security system. Everyone currently receiving social security would continue to get it. I would put the rest of the money in some kind of low risk mutual funds and then calculate what people have paid into social security and then divide the funds up accordingly. Every person eligible to receive these funds would then have to take a mandatory financial class sponsored by and paid for by the government on investing for their future. I would also make it mandatory for all schools to teach children about money and investing and the importance of it.

I dont understand why this is not already mandatory for all schools to educate people about money. Everyone is always saying education is the key to a successful future but the one thing they forget to teach children about, is money!!

Think about it, there are record numbers of people right now filing bankruptcy and having their homes foreclosed apon! Remember education is the key!

I personally would rather have my own choice of what I do with my money. Think about this, we put money into the social security system for say 45 years, basically borrow hundreds of thousands of dollars to the government in the hopes we will get a few dollars a month when we are ready to die. I know beyond a shadow of doubt that anyone who is educated about money who invests money from the time they are 18 years old would end up with over a few million dollars by the time they are ready to retire. We all know people who try to live off their social security check, I dont know about you but I dont want to try to live off 800 dollars a month when I am retired do you?