What are the chances that your teenager or young child will have any meaningful social security benefit? Little to none. The math simply doesn’t work when you consider the number of people who will be working versus the number of retirees. Clark thinks Democrats will have to fix our problems with social security, but something needs to be done. Our neighbors across the pond are actually going through the same thing and their idea is one we should consider. The Labor party in Britain has proposed that the country increase the eligibility age, increase the benefit and require mandatory personal accounts. Clark is a proponent of having a mandatory personal account requirement and no social security at all for people below a certain age. It’s a bit radical but we need something. In Britain, people would have to put a minimum of 4 percent of your pay into a personal account, and your employer would match it. You can put up to 16 percent. But the reality is that people don’t save unless they’re made to. Otherwise, people wait for the government to take care of them. And that is not going to be possible in the future. You have to consider your own future now. Yet, overwhelming, people who earn less than about $45,000 a year don’t save any meaningful retirement. That needs to change.