Expect Widespread Financial Insecurity Among Many Future Retirees

In a December 2017 poll, many Americans felt they were just a paycheck away from insolvency.  About 43% fear an unexpected event would deplete their meagre savings, and another 34% find it difficult to make ends meet.  Still, 67% of Americans feel that their finances will get much or somewhat better in 2018, and only […]

Not Saving for Retirement?

In a December 2017 poll, many Americans felt they were just a paycheck away from insolvency.  About 43% fear an unexpected event would deplete their meagre savings, and another 34% find it difficult to make ends meet.  Still, 67% of Americans feel that their finances will get much or somewhat better in 2018, and only […]

Awaiting a Competent Leader

A Gallup study of how working age Americans see their retirement income reveals significant concerns.  They will continue to rely on Social Security, pensions, IRAs, 401(k)s and other savings, but for many, total income will be so inadequate for retirement that employment after retirement age is inevitable for many. Some traditional sources of retirement income […]

Generational Theft: Some Deficits Hurt Young Workers the Most

What do the national debt, Social Security, and many defined benefit pensions have in common? No one expects the citizens of one generation to pay their own way. In recent years, only part of current federal spending is covered by current tax collections – the rest is funded from borrowed money that future generations are […]

The Looming Retirement Income Debacle

Many Americans are anxious as they contemplate retirement. While we might hope with optimism, reality paints a gloomy picture.  The average Social Security retirement benefit is $1,301 per month, basically the poverty level, and it is too small for a comfortable retirement. Relatively few Americans will retire with an employer pension, and some pension promises […]

Would More Inflation Be Good For Consumers?

A recent New York Times story asked if higher inflation is needed.  Some favor allowing inflation to increase to 6%, kick-starting our stalled economy.  Since the Federal Reserve (Fed) is likely to change interest rates in the near future, consumers should understand the consequences. The traditional Consumer Price Index (CPI) measures price changes in a […]