Laurence Kotlikoff, the brash Boston College economics professor and Social Security professional, does not mince words.
“We People are financially very sick,” he writes in his new guide, “Money Magic: An Economist’s Strategies to More Money, Fewer Danger, and a Improved Life” before listing all the fiscal gaffes we Individuals make in our lifetimes.
“As a team, we undersave, underinsure, underneath diversify, shell out for terrible expense tips, depend on dying early, retire way too shortly, acquire Social Protection at the to start with probability, cost-free considerably also tiny trapped equity, borrow to spend in stocks, persuade ourselves that