My SSI benefits will be used up in about 15 years.
However, if I were allowed to have invested all mine and my employers' contributions I would have to live to be 100 years old to exhaust my savings retirement!!!!
That sort of post hoc analysis is flawed. Let me list the assumptions:
1. Employers would give their contributions to employees.
2. You would have invested all of your contribution and all of your employer contributions.
3. You would have invested them the same way with the same success.
4. Population-wise, the added money in financial markets would not have affected those markets negatively (e.g., increased overall risk-taking or decreased historic yields).
5. Population-wise, the lack of security would not have changed behavior in a manner that negatively impacted the economy. (e.g., less-risk taking by entrepreneurs, higher savings rate by consumers).
6. You would not have had to pay the living and medical expenses of your elderly relatives.
And that's just looking at the historical risks to your own financial circumstances of not having soc. sec. or Medicare. You know that even in the best of circumstances some people don't come out on the top of that calculation. Their skills become obsolete, their fund manager is a fraud, they have medical problems, whatever.
No ATHM for me! LOL
That was 'X's stuff!
You didn't need a sure thing just followed the DOW.
However, being an ex 'IBM'er, I sure would have liked to have invested in it since I started working there in 1967!