Morningstar.com has a great piece titled: “Top 10 Myths About Social Security”
They cover myths such as:
- Social Security is going bankrupt.
- It's a Ponzi scheme
- Social Security pays generous benefits.
and my favorite:
- We're all living longer, so we should raise the retirement age.
They quote Paul Krugman, the Nobel Prize-winning economist:
"It basically says that janitors should be forced to work longer because these days corporate lawyers live to a ripe old age."
Good piece to read:
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