I should be safe LOL. 2035. I am 62 now,,,,,,
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We got some bad news about Social Security last week.
A new report says the program will cost more than it takes in by 2020. By 2035, its back-up trust fund will also run dry.
This makes sense: America is greying.
We’re having fewer children, living longer, and wages are growing at a slower pace.
That means there are fewer workers, those workers are making less money, and they’re supporting more retirees.
When Social Security was introduced in 1935, there were 42 workers for every retiree. Today, there are only 2.9. And that number is set to drop to 1 within the next decade, according to the latest report.
This means the government will have no choice but to cut Social Security benefits. If you’re under the age of 65, you should expect to collect less than previous generations. At this point, that’s pretty much a given.
There is, however, a far more stable government-backed system that can boost your retirement plans.
I’m talking about the global defense industry. And today, I’ll show you how to tap into it.
Profiting Off the World’s Largest Employer
The US military is a behemoth. It employs 2.2 million active military personnel.
The US Department of Defense, which manages the military, is the largest employer on the planet. Its workforce equals the entire population of Nevada in size.
No surprise, it takes a ton of cash to keep this machine running.
The US military budget is nearly $700 billion this year alone. That’s more than twice the military budgets of China, Russia, Saudi Arabia, and India combined.
But here’s the kicker: The US spends 90% of its military budget on US companies. That means billions of dollars flow into publicly traded US companies every year.
And it happens no matter what…
Defense Spending Is Recession Proof
When the economy slows—as I expect it to in the next 18 months or so—people spend less and businesses scale back.
Consider the global financial crisis, for example. Between 2008 and 2009, US consumer spending fell 8.2% and domestic investment plunged 30.1%.
At the same time, the US hiked military spending by 12.2%.
This was not an anomaly. Defense spending grew during five of the six last recessions.
You can see this in the next chart, which tracks US defense spending since the 1970s (recessions are highlighted in grey).
more,,,,,,,,,,,,,,,,,,,,,,,,
http://www.investmentwatchblog.com/social-security-in-the-red-heres-another-source-of-government-backed-income/
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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