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Protect Social Security as an American Lifeline

May 31, 2020 - The New York Times

Low interest rates have made Social Security more valuable. But the coronavirus crisis is likely to make its long-term shortfall worse.

The stock market has been erratic, real estate is hurting, bond yields are painfully low and dividends are shrinking. In the coronavirus recession, most financial assets have been disturbingly volatile.

But one widely held financial asset, perhaps the most important one for the vast majority of Americans, has performed splendidly: their stake in S...