Seeing the Elderly You

More of us are worried about financing retirement. But it’s not the “gloomy boomers” who said three years ago, at 50 or so, that they feared outliving their money. Now, according to …

Big Bird's Issues

All the talk about Big Bird and federal funding is really about 2 much bigger issues. 1. Discretionary Spending With proposed spending in the Obama 2013 budget at 3.7 trillion dollars, a tiny proporti…

QE3 and the Baby Boomers

At the beginning of yesterday’s QE3 press conference, Fed Chairman Ben Bernanke referred to the plight of savers. Similarly, during an August “Conversation With the Chairman,” Dr. Be…

More Than a Mandate

Yesterday, the odds on intrade were 76% that the Supreme Court will declare the health care insurance mandate unconstitutional. This started me thinking about Social Security during 1935. Several stat…

Aging Benefits

When you combine better health care with generous pensions you get (choose one): happy retirees happy politicians insufficiently funded national pension programs the eurozone the United States other &…

Identity Checks

Opening a savings account? You need to confirm your identity. Enrolling for Social Security or Medicare? They check your credentials. But what if you cannot prove who you are? Signing up for IndiaR…

Interesting Debt Facts

1. China and the Social Security Trust Funds have more in common than you would expect. The public has purchased $9 trillion of U.S. debt. China holds $1.1 trillion of the publicly held total. The U.S…

©2016 econlife. All rights reserved.