Saturday, April 23, 2016

Let it go belly-up

Federalist: "How We’ll Fix Social Security By Not Fixing It - Doing nothing about Social Security is the overwhelmingly popular position. And it may well constitute its own kind of reform."

One quibble: this author believes that once Americans see their promised benefits cut by 21%, it will spur them to take control of their own retirement by maxing out 401(k)s or other savings plans.  I'm not so sure, given that almost half of America can't muster up $400 to pay for a sudden expense.

No comments: