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As much as authorities in Brussels would like to pretend that the EU is as united as ever, major fissures have erupted over the past several years as EU authorities continue their quest to unify the continent. While previous discontent was largely confined to smaller and more peripheral members, the latest feuds are starting to involve disputes between and among core members of the European project. Italy has become a flash point for conflict, both as a result of its [...]
Anyone who has been paying attention to Social Security’s fiscal problems knows that the system is woefully underfunded. Years of surpluses and interest income have lulled everyone into a false sense of security. But now total Social Security tax receipts plus interest income on the trust fund are not enough to pay the total amount of Social Security payments due to retirees. The current estimate is that Social Security’s trust fund will be exhausted by 2035. At that point total [...]
Every American worker dreams at some point of retirement. The thought of living according to your own schedule, doing what you want to do, and not having to answer to anyone else is incredibly tempting. But too many workers put off thinking about retirement until it’s far too late. Thinking about retirement isn’t something that happens when you’re in your 40s or 50s and your children are growing up and going off to school. It isn’t something you start thinking [...]