Itâ€™s a bit of fresh air to witness that the nation’s over $100 trillion in unfunded liabilities (including Social Security, Medicare, and Medicaid) aren’t going entirely unnoticed by the public. A recent USA Today/Gallup Poll found that a majority of Americans, both working and retirees, harbor significant doubts about Social Security’s ability to provide the benefits it currently promises.[Read more...]
The American writer and satirist, Sam Ewing, once observed that inflation â€œis when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars…back when you still had hair.â€�
All good tragedy has a little comedy in it, and vice-versa. The reader may like to decide which is most applicable to Mr. Ewingâ€™s remark.[Read more...]
Viewed through the lens of the greater than $3 trillion federal budget, the expense of a $700+ billion per year military clearly doesnâ€™t stand alone as the nationâ€™s biggest financial threat. Mandatory entitlement expenses including Medicare, Medicaid, and Social Security are already higher and rising more quickly, and, of course, thereâ€™s the national debt at over $13 trillion.[Read more...]
If you’re worried about retirement you’re not alone. A new survey out today shows that Americans are increasingly ill-prepared for retirement. US Workers are delaying their planned career end dates to instead focus on building just a basic nest egg.
According to CNNMoney.com:[Read more...]