The chapter introduces Lawrence Kotlakov, the co-author of 'Social Security Horror Stories', who shares stories of individuals who were overpaid by the Social Security Administration and later blamed for the errors. They also discuss the importance of accurate benefit calculations and the issue of overpayments and clawbacks. The speakers question the management of Social Security and explore possible reasons behind the problems in the system.
Bloomberg Technology Co-Host Ed Ludlow, Bloomberg News AI Reporter Rachel Metz and Crawford Del Prete, President at International Data Corp break down the news of the firing of OpenAI CEO Sam Altman and the evolving drama for the company and the tech industry. Laurence Kotlikoff, Professor of Economics at Boston University, discusses his book Social Security Horror Stories: Protect Yourself from the System -- and Avoid Clawbacks. Leslie Falconio, Head of Taxable Fixed Income Strategy at UBS, shares details from the financial firm's Year Ahead Report. And we Drive to the Close with Greg Halter, Director of Research at Carnegie Investment Counsel.
Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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