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What Should We Do About the Social Security Problem?
(Source - www.clarkhoward.com)
We’re still in the early innings of the 2016 presidential race. Yet there’s already a lot of talk about Social Security. How we going to pay for it down the road? With our aging population, we’re facing a situation where we’re going from 9 active workers for every 1 Social Security recipient to a 2:1 ratio if the demographic estimations are right. That’s a stark contrast. How do you keep the promises with that new math?
The rich are being seen as both the villain and the solution. Both the GOP and Democrats want the rich to solve the math problem. But here’s the reality: There’s not enough coming in from the paychecks of the rich to deal with this demographic timebomb. And that’s even if you took every penny they earned and diverted it to Social Security! Read more…
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