Category: Laurence Kotlikoff

Politico’s Ben White: ‘Welcome Back to Debt Ceiling Drama!’

Newsmax Laurence Kotlikoff, College of Arts & Sciences The tumultuous process of raising the debt ceiling has roiled financial markets in recent years, particularly in 2011, when the brouhaha helped lead Standard & Poor’s to lower the U.S. government’s credit rating… Expert quote: “Our country is broke. It’s not broke in 75 years or 50 […]

Want a fat nest egg? Make the right Social Security choices

CNBC.com Laurence Kotlikoff, College of Arts Sciences It’s your last, best chance to fatten your nest egg. But all too often, new retirees undermine their own financial security by claiming Social Security too early, and without regard to strategy… Expert quote: “Social Security is about as complicated a fiscal system as is humanly possible to design. […]

Debt and housing costs make young worse off than past generations

The Guardian Laurence Kotlikoff, College of Arts & Sciences Young people face a steeper climb to achieve the lifestyle of today’s baby boomer generation, according to an index measuring intergenerational fairness which recorded a rise from last year… Expert quote: “Like an adult report card, the Intergenerational Foundation’s vitally important intergenerational index makes it clear […]

America’s Hidden Credit Card Bill

New York Times (subscription required) By Laurence Kotlikoff, College of Arts & Sciences Households can’t spend, on a continuing basis, more than they earn. Countries can’t either, at least not over the long run. But countries can certainly leave the bill for their current spending to the young and to future generations… View full article […]

The $400,000 Social Security Mistake

Forbes Laurence Kotlikoff, College of Arts & Sciences Congressman Sam Johnson (R-TX) opened today’shearings on Social Security with grim statistics. Unless Congress acts, Americans receiving disability benefits won’t get full benefits starting in 2016, and when Americans who are 48 today reach full retirement age in 2033, they and everyone else receiving retirement and survivor benefits […]

Bove: New Financial Firms Setting Stage for Huge Collapse

Newsmax “Moneynews” Laurence Kotlikoff, College of Arts & Sciences New types of financial companies are taking over the U.S. financial system, filling the void left by traditional lenders, according to banking analyst Richard Bove… Expert quote: “Shadow banks or any intermediary that is transparent and doesn’t involve leverage is safe, limited-purpose banking.” View full article