Core Insights - The article discusses the financial challenges that have emerged over the past 50 years, highlighting the shift from guaranteed retirement funds to self-funded retirement plans [2][3][4]. Group 1: Retirement Funding - In 1960, 41% of private sector employees were covered by pension plans, which provided guaranteed retirement income [3]. - Due to increased life expectancy and financial strain on companies, many have moved away from pension plans, placing the burden of retirement funding on individuals [3][4]. - Current retirement savings options include 401(k) and Roth IRA accounts, which encourage early and consistent saving [4]. Group 2: Identity Theft and Fraud - Identity theft cases are projected to occur every 22 seconds by 2025, with a significant increase in incidents over the past decade [5][6]. - Victims of identity theft experience a median loss of $500, with total losses from fraud cases estimated at $10.2 billion [7]. - The Federal Trade Commission reported 5.7 million fraud and identity theft cases this year, with 1.4 million specifically related to identity theft [7].

Social Security Concerns - Social Security trust fund预计在八年内耗尽现金[1] - 个人收入的 6% 以上用于一个可能无法获得回报的项目[1] Investment Suggestion - 建议购买比特币[1]

Proposed Social Security Solution - Senators propose diversifying trust fund investments to maintain benefits [1] - A separate fund from the Social Security trust fund would be created with $1.5 trillion over 10 years, invested in the US economy [3] - The return on investment would offset any unfunded liability in the Social Security trust fund [3] Funding Mechanism - The US would borrow $300 billion per year for 5 years to fund the separate trust fund [4] - Borrowing is offset by the escrow account, not contributing to national debt [4] Risk Mitigation & Safeguards - The fund would be held in escrow for 65 to 75 years [3] - Even during a 10-year secular bear market, the plan is projected to work due to the long investment horizon [6] - The plan has been modeled through the great financial crisis [6] - An independent board, patterned after the thrift savings plan, would manage investments with strict guard rails [8] - Congress would be mandated to raise taxes if any action decreases the return on investment [10] Current Social Security Status - The Social Security trust fund is projected to become insolvent in 8 years, potentially leading to a 25% benefit cut [5] - Current trust fund investments are in treasuries, some bearing 1-4% [2]

A proposal to allow the Social Security trust fund to invest in the market has some merit, says @allisonschrager, but make no mistake: it would be a huge leveraged bet on behalf of the taxpayer (via @opinion) https://t.co/TjStlKf3rC ...