GenXers have about $1 trillion more retirement savings (DB pensions + ret accounts) than Boomers did at the same age, according to the Fed's Distributional Financial Accounts. But let's panic anyway. usatoday.com/story/money/20…

I'm interviewed by Evan Cooper for WealthManagement.com . Key tip: as you approach retirement, worry less about your money and more about your health. wealthmanagement.com/retirement/wha…

Protestant work ethic?

Andrew G. Biggs: “U.S. policymakers focus almost exclusively on Social Security solvency; picking from a menu of tax increases or benefit reductions to keep the trust funds from running out, with little regard for what the Social Security program intends to do.

If AARP is so worried about the 2/3 of seniors who they say rely on Social Security, why are they criticizing policies that only affect the 1/4 who they say don't rely on it? I have two theories....

youtu.be/UbQEblB-k5I Andrew Biggs Warns Us About Social Security! Andrew G. Biggs Get his book here amzn.to/47befuN

I have a mesmerizing effect on people when I talk Social Security.

A couple retiring this year could collect $100,970!! That's a six figure Social Security benefit. With the program 7 years from insolvency, tell me how that makes sense...

Apparently people are mad because she said she would be looking for work at a think tank that is “center-left or center-right” but there is nothing strange about that lol! People move between companies that are “center-left and center-right” constantly. The keyword is “center”

Literally my childhood, down to the cheapest-on-the-market Barbisol shaving cream. But was Halloween = minor vandalism this just a New York thing?

"Every signal is flashing red. Three of the main federal trust funds are close to insolvent....When the funds are depleted, the rules require the government to cut highway spending by 46%, Social Security retirement payments by 24% and Medicare payments by 12%"

I’ve noticed a sudden explosion in conservative influencers who lack a basic understanding of Social Security finances, demographics, etc. parroting this line this weekend. Clearly someone is funding the effort and providing the message.

I hope this makes your day as much as it made mine, Enjoy 😘

Since 1983 the relative wealth of seniors has increased by around 50%. You would never guess this from news coverage of Americans' retirement savings. nber.org/digest?page=1&…

{new} Which schools do a good job teaching kids to read? In a new project The 74, we set out to find schools where third-grade reading scores are much higher than might be expected, based on the schools’ poverty rates.

Oh Jesus Christ shut the fuck up

This week on Central Air, we -Get Ben Dreyfuss 's benign Mamdani take and Megan McArdle 's worried one; -Look at lessons from the big Dem wins; -Ask what's wrong with Nancy Mace; and -Learn Ben ended a friendship over being made to misconnect at LAX centralairpodcast.com/p/neither-glee…

If only they were right: If Social Security paid every senior a poverty-level benefit, eliminant old-age poverty, costs would being cut in half. It's $60k annually to middle-income couples (3x poverty), and $100k to high-income couples that cause the $25 trillion funding gap.