social security notes from all over
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John H. Lederer - 8/27/2005
The FSA report is probably no longer correct. It found that the median investor in private funds would have probably done slightly worse than those who stayed in the governemnt program (on median about 4 pounds a week worse). Data was end 2004 data.
However, the London Stock Exchange has been doing very well, see, e.g.
It is likely that those privately invested are now doing better than those in the government program.