Brookings: Stock Market Fluctuations and Retiree Incomes – An Update
Stock Market Fluctuations and Retiree Incomes: An Update – by Gary Burtless, The Brookings Institution Social Security was created in the middle of the Great Depression. The recent dive in stock prices and home values offers a painful reminder of why government-guaranteed pensions seemed like a good idea in the 1930s. President Franklin Roosevelt proposed …