This Week on Issues - 1/04 & 1/06

Friday, January 4 @ 7:30 PM
Sunday, January 6 @ 12:30 PM

 


Fiscal Cliff Resolution
After much disagreement, the fiscal cliff was averted this week when Congress approved a deal to increase taxes on wealthy households, amongst other things.  We discuss the week’s developments and other pressing financial concerns.

Guests:
Rudy Fernandez, Republican Political Strategist
Michael Hernandez, Penn Schoen Berland

 

Real Estate in 2013
Did the real estate market hit its bottom in 2012?  And what can we expect in 2013?

Guest:
Jack McCabe, McCabe Research and Consulting

Comments

[Fermin Iduate]

Hello Helen,
Regarding the discussion on Jan 6 th Sunday show regarding fiscal cliff, in particular the discussion on Social Security, I just want to point out that since the mid-eighties retires receiving Social Security payments have on average been taking out about $70k less cumulatively than what they put into the system over their lifetime. For a long time this was not the case as for the most part contributions went to pay for the generations of retirees who were under funded from inception of the system. But the baby boomers which are now in full process of entering into retirement with the current surplus averages will actually create a 3 trillion dollar surplus over the next couple of decades.