USA small business owners would prefer to be responsible for their Social Security retirement fund rather than have it run by the government

ING DIRECT's ShareBuilder 401k reports, that in a survey of 500 USA small business proprietors, 67% would rather have control of the management and distribution of their Social Security funds, in a personal account such as a 401(k) or IRA.

77% of those surveyed thought that people should look after their own retirement arrangements, with only 23% saying that the government should take care of it.

30% thought that Social Security was a major issue in the current presidential election, and an additional 45% thought it was important.

Fewer than 10% of companies with 50 or less employees currently offer 401(k) plans, which makes small business staff rely on Social Security benefits more than employees at larger companies.

The general view was that small business owners are happier if they are in control of their retirement funds rather than having the government control them.

The wish to exercise control is typical of the small business community which has to try harder than their larger competitors who have both better access to credit and superior buying power.

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