With Social Security accounting for an average of 60 percent of retirement income, and an aging population with less people contributing to the pool, the management of Social Security benefits is in desperate need of a makeover. So what about a national lottery to fund programs such as Social Security? The idea of a national lottery to fund social programs was proposed some 30 years ago, but lost steam and died in Congress. However, these days with how much people will spend on tickets for a state lottery with the minuscule chances of winning any money back, the national lottery seems like an even better idea than it was before. To read the full article, “Everyone’s a winner: funding Social Security with lottery,” written by Pam Hopman and published on June 17, 2016, click here.
For decades, people living in the United States have thought of the age of 65 as the minimum age of