Alternate Investments for Social Security
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The solvency of Social Security has been a hotly debated topic recently, and there are many different proposals on how to address this problem. Many solutions point to cuts in benefits or raised taxes, however one looks in a different area as a possible solution. This proposal looks at how the Social Security Trust Fund invests it’s money. The Boston College’s Center for Retirement Research conducted research on what would happen if the trust fund were allowed to invest 40% in stocks and 60% in bonds. They found that this would extend the solvency of Social Security 56 years past current projections. For more information visit this article by Penelope Wang with Time.