Tag: Social Security
CBO forecasts 23% Social Security shortfall if no tax increases, benefit cuts or some combination are made before then.
It’s not pretty: History shows that this bad combo pares equities’ median returns by 2%, Goldman says.
Beware of a recession, chaotic global markets, and a weakened US going forward, if the federal spending cap isn’t raised, economist Zandi admonishes.
Former Federal Reserve chief warns that huge obligations will crowd out needed capital spending.
Plan is part of government effort to compensate for aging population.