It’s the holiday season and I’m feeling thankful. I’ve decided to dedicate today’s post to all the active bloggers in cyberspace. I like to reach out every so often and thank those who share my passion for blogging and helping to disseminate useful information throughout the internet. For those of you who are new to my blog, I’ve been working on a book (due out this summer with Wiley) which will discuss personal finance and recognize the contributions of financial bloggers to cyberspace. It’s a big project which has consumed many evenings and weekends but is certainly worth the effort. I finally reached the 100 page mark in my manuscript last week which pushes me roughly 40% towards the finish line. I’ve been trying to include as many interesting blogs as possible, although this has been made more difficult by the explosion of financial blogs in 2006.
I read a statistic in the Journal of Financial Planning last month which stated that 19% of today’s workers know with accuracy when they’ll be eligible for social security benefits.* This statistic is of particular concern to me after similar findings in a recent study I conducted to determine just how much (or how little) people ages 18-30 really know about social security. I asked each of 30 people the same three questions, the answers from which tell us a lot about how younger audiences think and why. The first question I asked was where they had learned about social security issues in their lifetime. The next question was whether or not they ever worry about the current status of the system. Finally, I asked if they had any feelings about the idea of privatizing a portion of social security taxes. The people were chosen at random and range from friends and family to co-workers and strangers, most living in or around New York City.