CW 532 - The Growing Social Security Problem with Laurence Kotlikoff

Laurence Kotlikoff is a second time guest to the Creating Wealth show and has a lot to share on the subject of economics and Social Security. Laurence Kotlikoff is a William Warren FairField Professor for Economics at Boston University and recently released a book entitled, Get What's Yours: The Secrets to Maxing Out Your Social Security. Laurence sits down with Jason to talk on the growing Social Security problem, the U.S. government's 210 trillion dollar time bomb, and what kind of economic environment we should expect in the next ten years.    Key Takeaways: [4:15] U-Haul is a good litmus test for migration trends.  [9:25] Jason recommends reading The Untethered Soul by Michael Singer.  [10:45] Look out for the informal Chicago property tour July 15th.  [14:00] Jason welcomes Laurence Kotlikoff to the show.  [14:55] How is Social Security sexist?  [19:30] By waiting until you're 70-years-old, you'd be collecting a 76% higher Social Securities check.  [25:30] The true fiscal gap the government is facing is around 210 trillion dollars.  [30:15] How does the U.S. debt compare to the rest of the world?  [39:55] Should we expect an inflationary, deflationary, or stagnationary economy in the future?  [43:50] Laurence encourages even the younger generation to the read his book, Get What's Yours.  [45:40] ThePurplePlans.org is a website that shares details on how economists believe you can fix the economy.    Mentioned In This Episode: The Untethered Soul by Michael Singer http://www.promover.org/ https://www.maximizemysocialsecurity.com/ http://www.kotlikoff.net/   http://www.thepurpleplans.org/