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Putting stock in Social Security
One way to shore up the Social Security trust fund is to invest it in something with a better return than U.S. Treasury bonds. The idea has been floated off and on for years and is always rejected. But, when Steven Sass, research economist for the Center for Retirement Research at Boston College, recently took a hard look at the issue, he found a good reason to reconsider. The U.S. government’s Railroad Retirement program has invested in equities since 2001. Taking this step has shored up the program despite market downturns in 2001 and 2008. Read more…
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