Social Security is primarily a pay-as-you-go program, which means that the government pays retirees their promised benefits

Question:

Social Security is primarily a pay-as-you-go program, which means that the government pays retirees their promised benefits by taxing today’s workers. Imagine that Social Security moved to a fully funded program in which today’s workers (or the government on their behalf) invested in assets, such as and bonds, to pay for their own retirement.
a. Discuss some of the costs and benefits of a fully funded program.
b. Discuss some of the difficulties of transitioning to the new system.
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...