I recently came across an interesting story that I thought the rest of you might find interesting. The story is part of a monthly newsletter from a website known as the wizard of odds:http://wizardofodds.com/newsletters/2005-06-11.htmlWhat does a website devoted to the math behind gambling have to do with social security? Well nothing except that the author of the website is a former actuary for the social security administration. The story is a very unbiased mostly unpolitical explanation of some of the mathematical realities behind the future solvency of social security and what can and can't be done to fix it.
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