The 2009 Social Security Trustee Report was released today. That report showed that the Day is now four years closer than it was just a year ago. The Trustees now believe that the Fund will deplete its assets by 2037.
In my report I tried to make the case that the dynamics of the Fund are in transition currently. A quick review of the information in the 2009 report confirms that to be the case.
The news media are reporting on this tonight. The headlines are reporting the 2037 date. Exactly what the Trustees want us to focus on.
“This is twenty-eight years away. We have a lot on our plate today. Let’s worry about Social Security next year.”
That is bunk. We’re staring at it.
Because of the headlines there will a lot of discussion and analysis on this report. I for one will give it a close look. I will let you know what I see.
Doggone, it Bruce. Just when I'm about to tuck into a hot bath and a good book, you post this.
ReplyDeleteSo . . . is BC Powder a good buy right now?
The lesson here is that it's up to you to make enough money to live a comfortable life. You can't rely on government.
ReplyDeleteThe party line is that this is unfair. Blaming only gives power to what/whomever you are blaming.
Every person should be 100% responsible for their finanial future. Open up multiple streams of income. Or be at the mercy of government or whatever entity which you depend on for your financial stability in retirement years.
Ryan