Friday, June 10, 2016

Myths About Social Security And Counting Beans



I love Social Security.  I hate reading myths about it.

Everyone has a fact that is someone else’s myth. The arguments for and against quickly devolve into academic waterboarding in which how we count the beans becomes more important than the actual number of beans. In every myth, there is invariably some technical definition hidden in the nomenclature. 

The only way to sort out the difference is to conduct the research yourself to sort out what the myth is actually saying. Last month, the Committee for a Responsible Federal Budget released a list of 9 myths. Weeks later, Alicia H. Munnell rebutted that list in a MarketWatch piece

This piece (“The Dueling Myths of Social Security”) explains what is hidden in the lexicon.

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