The Flaw in Social Security
from The Sovereign Investor:
Over the holidays, I spent plenty of time with friends and family. It was the typical holiday weekend for us: playing football in the backyard, seeing family from all over town and out of state. I even managed to venture out to catch the new Star Warsmovie.
But I don’t bring this up to brag about my family fun. It’s the unusual conversation I had with my grandma that I want to discuss.
As we were catching up on how things were going, we ended up a bit off topic, talking about the government and how it was difficult to live off Social Security.
That’s when I said, “You need to hit the streets, Grandma.”
She looked at me a bit puzzled, and rightfully so. I didn’t mean it in a derogatory manner. Rather, I meant she, or any senior citizen for that matter, should take a page from other mass protests we have seen in 2015 that got national attention, particularly Fight for 15. (I know you can picture thousands of senior citizens walking miles for higher pay.)
In fact, the similarities between the Fight for 15 campaigns and the situation for senior citizens is closer than you might think.
Fight for 15 is the movement to get minimum wage bumped up to $15 per hour, and not all those who are in the Fight for 15 are minimum-wage workers.
And while you might not be concerned about the level of minimum wage, all of us will one day rely on Social Security. It’s a movement the masses can get behind now.
