By how much money have baby boomers undercontributed towards their retirement with the SS?
The balance sheet of Social Security Trust fund
http://www.ssa.gov/OACT/ProgData/assets.html
shows $2.5 trillion in assets.
Lets eliminate uncertainties associated with increasing longevity and assume that $2.5 trillion would be enough to cover baby boomers without reaching into the savings of next generations.
In that case should the assets be in the form of say gold bullion, and the Treasury was still free of debt, then I would say that contributions of baby boomers were sufficient for the retirement.
It is not the case however. So,
By how much money have baby boomers under contributed towards their retirement?
Boomers vastly OVERCONTRIBUTED for decades. So many of us working and so few retirees collecting…
The excess has been skimmed off and fed into the general fund. One of the largest parts of the National debt is owed to Social Security.
When this nation has to start paying that back to Social Security, the borrowing will have to come from foreign banks – and pay interest outside of our country instead of back in like the debt to Social Security.
Americans need to raise taxes and buy Savings bonds – but we probably won’t.
The Curious Case For $936 Ounce Silver
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Silver Coin Pricing Guide, 1800-2000: A Reference for Buying and Selling 19th and 20th Century World Coins on eBay, Websites and at Coin Shows $8.22 This is a guide for people who buy and sell silver coins—on eBay, on other Internet websites, at coin shows or coin stores, or elsewhere. It is intended for those who buy or sell coins based on their investment value, not their design or their value to collectors. This book displays the bullion value of silver coins no matter what the country or year of their origin. Using an alphabetical look-u… |
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The Sampling of Gold Bullion: Illustrated by Specific Cases Drawn from Actual Practice in the Mint Service $9.82 This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR’d book with strange characters, introduced typographical errors, and jumbled words. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is cultu… |
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1985 in Law: Gramm-Rudman-Hollings Balanced Budget ACT, Directive 85-374-EEC, List of Statutory Instruments of the United Kingdom, 1985 $23.99 New – Chapters: Gramm-rudman-hollings Balanced Budget Act, Directive 85/374/eec, List of Statutory Instruments of the United Kingdom, 1985, California Celebrities Rights Act, 1985 in Organized Crime, Eighth Amendment to the Constitution of Pakistan, Handschu Agreement, Bhutanese Citizenship Act, List of United States Supreme Court Cases, Volume 473, Gold Bullion Coin Act of 1985, Robert C. Byrd Honors Scholarship Program, Transport Act 1985, Fisheries Act 1985 Malaysia, Narcotic Drugs and Psycho |
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1985 in Law: Gramm-Rudman-Hollings Balanced Budget ACT, Directive 85-374-EEC, List of Statutory Instruments of the United Kingdom, 1985 $21.79 Used – Chapters: Gramm-rudman-hollings Balanced Budget Act, Directive 85/374/eec, List of Statutory Instruments of the United Kingdom, 1985, California Celebrities Rights Act, 1985 in Organized Crime, Eighth Amendment to the Constitution of Pakistan, Handschu Agreement, Bhutanese Citizenship Act, List of United States Supreme Court Cases, Volume 473, Gold Bullion Coin Act of 1985, Robert C. Byrd Honors Scholarship Program, Transport Act 1985, Fisheries Act 1985 Malaysia, Narcotic Drugs and Psych |
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The Sampling of Gold Bullion: Illustrated by Specific Cases Drawn from Actual Practice in the Mint Service (1913) $14.57 Used – This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR’d book with strange characters, introduced typographical errors, and jumbled words. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as pa |
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The Sampling of Gold Bullion: Illustrated by Specific Cases Drawn from Actual Practice in the Mint Service (1913) $22.31 Used – This is an EXACT reproduction of a book published before 1923. This IS NOT an OCR’d book with strange characters, introduced typographical errors, and jumbled words. This book may have occasional imperfections such as missing or blurred pages, poor pictures, errant marks, etc. that were either part of the original artifact, or were introduced by the scanning process. We believe this work is culturally important, and despite the imperfections, have elected to bring it back into print as pa |
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The Sampling of Gold Bullion: Illustrated by Specific Cases Drawn from Actual Practice in the Mint Service (1913) $14.57 New – This scarce antiquarian book is a selection from Kessinger Publishing’s Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world’s literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for ev |
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The Sampling of Gold Bullion: Illustrated by Specific Cases Drawn from Actual Practice in the Mint Service (1913) $22.31 New – This scarce antiquarian book is a selection from Kessinger Publishing’s Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world’s literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for ev |