Milton and Rose Friedman’s critique of social security was precisely that in the past, ‘. . . children helped their parents out of love or duty. They now contribute to the support of someone else’s parents out of compulsion or fear. The earlier transfers strengthened the bonds of the family; the compulsory transfers weakens them.’51 Indeed, James Poterba finds the elderly in the United States have been less supportive of education for the young in recent times than before the institutionalisation of social security, especially in diverse communities.52
Critique of social security system
