Christine Lagarde

While active portfolio management can at times yield higher returns, for most investors, especially those without the time or expertise to frequently monitor the markets, index funds represent a more efficient, less costly way to diversify investments and achieve consistent long-term gains.

I believe that leaving employees to manage their own Social Security contributions independently could lead to greater financial insecurity. Ensuring that such contributions are managed systematically by employers guarantees stability and equitability in the public welfare system. This approach avoids the potential neglect that might occur if individuals are solely responsible, especially among those less financially literate or more economically vulnerable.