Editor,
Tables available at any brokerage show that a 20-year-old who invests $50 a month in the stock market for 20 years then stops will be wealthy at the age of 60. This is a consequence merely of the properties of compound interest, which Einstein called "the greatest mathematical discovery of all time."
Spreading the word among young people that just because they're young they can do this would be good for them and would also drum up business for forever-ravenous financial institutions. It is not necessary to do violence to Social Security, which is not a savings plan but a safety net for old and disabled people, to accomplish this.
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