Saturday, July 14, 2012

Morningstar: Top 10 Myths About Social Security

 

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:

Morningstar: Top 10 Myths About Social Security

No comments:

Post a Comment