Posts Tagged ‘social security’

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    Happy 100th Birthday IBM!

    Jun 16, 11 • 125 Views • Businesses, Economic History, Government, InnovationNo Comments

    Imagine the challenge of implementing the first Social Security system in 1937. 27 million employees and their employers had to be taxed. The basic idea was to collect the money and then redistribute it to current retirees. So everyone got an ID number....

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    Savers or Borrowers?

    Apr 5, 11 • 143 Views • Businesses, Economic Debates, Financial Markets, Government, Households, Money and Monetary Policy, Thinking EconomicallyNo 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...

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    Peanut Butter Prices

    Mar 25, 11 • 112 Views • Behavioral Economics, Demand, Supply, and Markets, Households, Macroeconomic Measurement, Thinking EconomicallyNo Comments

    Let’s say that you saw the price of Skippy peanut butter, Tropicana orange juice, and Quaker oatmeal went up. Would you be concerned about inflation? In a recent paper, researchers from Yale and the University of Chicago said it is a bit more...

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    We Are Living Longer

    Mar 20, 11 • 97 Views • Gender gap, Government, HouseholdsNo Comments

    Using data for 2009 from death certificates in all 50 states, the national Centers for Disease Control has concluded that we are living longer. A male infant’s projected life span has risen .2 years to 75.7 while a female infant’s life expectancy...

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    Who Do We Owe?

    Dec 4, 10 • 111 Views • Financial Markets, Government, Money and Monetary PolicyNo Comments

    Who do you think is the biggest holder of U.S. government debt? China? No. It is the U.S. government. Why? Please think about extra money the government might collect for Social Security. What does it do with those funds? Retaining cash would mean no return...