Social Security just celebrated its 80th birthday. Did you get one of the last pieces of cake? Guess what? According to the government, the last piece will be served sometime in 2034. And this makes another 2015 birthday more meaningful. In October 2015, we'll celebrate 30 years of Marty McFly and that whole Back to the Future craze. In a weird way, the second part of this famous Michael J. Fox trilogy tells us all we need to know about Social Security and the millennials.
In that first sequel, Marty and Doc Brown went to the future and then to the past. But not before the older Biff snuck back to 1955 and gave his younger self a sports almanac that contained all the winning teams through 2015. Armed with this future insight, the young Biff scores big on the gambling circuit and changes the world.
Imagine if those 20-somethings (i.e., the younger baby boomers) in 1983 had held the same steadfastness that today's millennials do. They'd probably not be as rich as Biff, but the world today would be a changed placed — and probably for the better.
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Christopher Carosa
Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
