The Pope's Monthly Retirement Payment: Not So Gaudy

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Our Assistant Managing Editor Diana Britton posted a note about how Saturday Night Live spoofed Pope Benedict XVI's visit to a financial advisor to discuss his retirement package. What is so interesting is how rarely popes retire. The 85-year-old  Joseph Ratzinger will, according to foreign press accounts be paid 2,500 euros a month.

That says MarketWatch is " Coincidentally, the pope’s pension is almost identical to the maximum Social Security benefit a U.S. retiree could earn if she retired this year–$3,350 a month." 

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REP. Editor-in-Chief David Aldo Geracioti on the business of Wall Street from a free-market perspective.

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David Aldo Geracioti

Is the editor-in-chief of REP. magazine.  He is also a devotee of the Austrian School of Economics leading lights Ludwig von Mises, Friedrich von Hayek, Murry Rothbard and to other thinkers in...
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