As seen at Marginal Revolution,
quoting the New York Post:
A Wall Street lawyer gave new meaning to the term “futures market” when he tried to auction his future Social
Security checks - money did doesn’t now have - on eBay for $200,000 so he could use the cash for a down payment on a Manhattan
apartment.“I’ve put a lot of money into the Social Security system, so why can’t I sell it to someone else?” mused Thaddeus
Wojcik.
You know, considering how the viaticals market has grown, I wonder if someone could create a financial product that does just this.
It probably wouldn’t be a good product for a consumer to buy…but that doesn’t stop me from finding the idea fascinating.