Senator Bill Cassidy proposes investing $1.5 trillion from Social Security into the stock market over five years through a government escrow account. He claims it could cover 60% of Social Security's unfunded liability. The Social Security trust fund is now projected to run out by the end of 2032, months earlier than expected.
Did you see this? Senator Bill Cassidy proposes $1.5 trillion of the Social Security trust fund be invested in the stock market. Senator Cassidy, who lost his primary bid to run in the general election for his Senate seat, has now proposed that $1.5 trillion of Social Security trust fund money going to the stock market over 5 years, held in an escrow account with the government, not individuals bearing the risk. He says it could cover 60% of Social Security's unfunded liability over 65 to 70 years. Why now? See, the newest trustees report says the Old Age and Survivor Insurance Trust Fund, Social Security, is projected to deplete by the end of the 4th quarter 2032, several months earlier than last year's report.
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
How to evaluate AI growth stocks (Nvidia, Oracle, CoreWeave) beyond market hype
