Posts Tagged ‘retirees’

  • In 2033, the Social Security program will be unable to pay all promised benefits to recipients.

    Will You Get Your Social Security Benefits?

    Aug 11, 14 • 479 Views • No Comments

    The 2014 Social Security Trustees Report says that after we deplete the remains of the program's trust funds in 2033, payroll taxes will not provide all promised benefits......  [read more]

  • QE3 and the Baby Boomers

    Sep 14, 12 • 347 Views • No Comments

    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. Bernanke was asked, “What about the savers?” Both......  [read more]

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    Savers or Borrowers?

    Apr 5, 11 • 537 Views • No Comments

    In 1987, a $100 savings account would have earned close to $9 in interest. In 2005, $3.75 or so. Now, maybe 47 cents? The WSJ, had a good article describing how savers are suffering. The retirees who expected to depend on interest income until they died have......  [read more]