Women and minorities especially would lose from privatization.

[Michael Brennan <MikeEd22Brennan@webtv.net>]

Compared with traditional Social Security benefits, everyone now alive would do substantially worse with private accounts.  The largest group of losers from privatization is women, of every income class and marital status. The most substantial losers are unmarried women; married couples, but especially one-earner couples; households with lower earnings and higher mortality; and African-Americans.

These are the findings of a study by John Mueller, Senior Vice President and Chief Economist, Lehrman Bell Mueller Cannon Inc., "Winners and Losers from 'Privatizing' Social Security," a report to the National Committee to Preserve Social Security and Medicare undertaken in cooperation with the Employee Benefit Research Institute (EBRI) and Policy Simulation Group.

The biggest reason for these losses is the "transition tax," inherent in privatization.