Good reading from around the Web.
Here’s why 50-somethings need to stop bemoaning that politicians are trying to steal money owed to them by raising the pension age.
From Business Insider:
We’re creaking down into an unfunded hole, and we’re pulling our young down with us.
Alas, people have been lied to for years – they genuinely believe the tuppence ha’penny they paid in National Insurance for 30 years has been set aside to underwrite 20 years of golf courses and trips to Spain.
I don’t think the problem is insurmountable, but, aside from environmental degradation, there’s hardly a more urgent one for the West to confront.
First step: Abolish all notions that anyone is too old for any job, unless proven otherwise, and give the oldest workers attractive tax breaks to keep them at it.
We need to encourage more people to pay in, not take out – pronto.
From the money blogs
- Risk means different things to different people – Oblivious Investor
- 1 in 20 fund investors beat the odds – Rick Ferri
- US small and mid cap stocks have been beaten gold – Investing Caffeine
- Could going to college make you poorer? – The Digerati Life
- Tech shares at all time lowly rating – Felix Salmon
- Should married couples share their finances? – Len Penzo
- Living with negative real interest rates – The Finance Buff
- Is gold money? No, it’s an ETF – The Reformed Broker
- Vanguard: Luck or skill? – CBS MoneyWatch
- Pros and cons of Kindle reading – Simple Living in Suffolk
- iFraud: Entire Apple store faked in China – TheTandD.com
- Life tastes best when you eat what you kill – Altucher Confidential
Mainstream money media websites
- Murdoch: Last of the moguls – The Economist
- US misery index at 28-year high – Bloomberg
- Why The Economist is winning – Business Insider
- The attractions of installing solar power – The Guardian
- Facebook ad prices soar more than 74% – FT
- Top one-year savings bonds from the smaller providers – FT
- Warning sounded over strategic bond funds – FT
- Preparing for a Greek default – FT
- Which shares could survive an inflation hit? – Independent
- How to save £10,000 over two years – Telegraph
- What next for house prices? – Telegraph
- Why I’m starting to think the left might be right – Telegraph
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