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Benzinga
Benzinga
Business
Ananya Gairola

Charlie Munger Once Described Social Security As A Moral Duty And Warned Against Breaking Promises To Seniors: 'Don't Think It Would Be A Good Idea'

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The late Berkshire Hathaway vice chairman once saw Social Security as a pillar of American dignity and argued against policy shifts that would hurt retirees.

What Happened: In a 2011 discussion at the University of Michigan's Ross School of Business, legendary investor Charlie Munger called Social Security "a credit to our civilization" and firmly opposed proposals to reduce benefits or raise the retirement age.

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