Private Social Security Accounts Could Make Up For Lack of Savings

A recent article in the Boston Globe wrote that

Nearly one-third of baby boomers ages 51 to 61 are at risk of not having enough in savings to finance a comfortable retirement

One of the reasons people are having difficulty saving is because social security does not pay seniors enough to live on. If individuals could have private accounts they would get an actual return on their money and be able to afford a better retirement.