• 699 days Will The ECB Continue To Hike Rates?
  • 699 days Forbes: Aramco Remains Largest Company In The Middle East
  • 701 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,100 days Could Crypto Overtake Traditional Investment?
  • 1,105 days Americans Still Quitting Jobs At Record Pace
  • 1,107 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,110 days Is The Dollar Too Strong?
  • 1,111 days Big Tech Disappoints Investors on Earnings Calls
  • 1,111 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,113 days China Is Quietly Trying To Distance Itself From Russia
  • 1,113 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,117 days Crypto Investors Won Big In 2021
  • 1,118 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,118 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,121 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,121 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,124 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,125 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,125 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,127 days Are NFTs About To Take Over Gaming?
What's Behind The Global EV Sales Slowdown?

What's Behind The Global EV Sales Slowdown?

An economic slowdown in many…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

  1. Home
  2. Markets
  3. Other

Classic Videos: Retirement Armageddon

Here's a wake-up call from Gary North of the Ludwig von Mises Institute on why our idea of retirement will turn out to be a cruel joke. A few quotes:

Social Security will go bankrupt...The average American is going to have a miserable retirement. There's not much a recent retiree can do. They've walked into the trap and it has sprung on them. The greatest losers will be widows, who are almost completely unprepared for what will take place. For most children there will be no inheritance, and parents may become an economic liability on them years before they're prepared.

First, North runs the numbers on America's main social programs and shows that they're doomed. Then he explains what this means for typical citizens -- which of course is horrendous. Then he offers suggestion for avoiding this fate.

A lot of people on the sound money side of the spectrum already know much of this, at least in general. But for those who think everything is basically okay and expect a comfortable government-funded retirement, the next 90 minutes could be a life saver.

 

Back to homepage

Leave a comment

Leave a comment