Sunday, March 20, 2005

Income Volatility and SS

Daniel Gross, who writes the "Moneybox" column for Slate provides another perspective on the SS debate in the NYT:
Volatility - the degree to which the value of an asset deviates above or below the general trend - is a concept with which investors are familiar. Some stocks can prove more risky - or more rewarding - than others because they rise or fall by a greater degree than the market as a whole, while others tend to track the overall market's performance closely. But the concept of volatility is less well understood when it comes to income. As we learn more about income volatility in the information age, some scholars say, Social Security - an insurance program designed for the industrial age - may be even more essential.


Post a Comment

<< Home