Social Security’s 77th birthday comes up on Tues., August 14. The Alliance for Retired American is planning events all over the country to celebrate (see details below!). As well it might – Social Security’s benefit checks keep 20 million people out of poverty every year and are helping to prop up consumer spending while the rest of us dig ourselves out of debt. Some people, however, would prefer you stayed home.
I recently spoke with a prominent, U.S.-based money manager for an unrelated project. First, he lambasted the Federal Reserve for keeping interest rates too low, “monetizing the debt,” and preventing a much needed dose of government austerity. Then he told me why Continue reading Why You Should Celebrate Social Security’s Birthday on Aug. 14