You may have read that the U.S. government is under pressure to fund Social Security benefits. There is, however, a far more stable government-backed system that can boost your retirement plans.
I’m talking about the global defense industry. The U.S. military is a behemoth, employing 2.2 million active military personnel. The Department of Defense, which manages the military, is the largest employer in the world. Its workforce equals the entire population of Nevada in size.
No surprise, it takes a ton of cash to keep this machine running. The military budget is nearly $700 billion this year alone. That’s more than twice the military budgets of China, Russia, Saudi Arabia and India combined.
But here’s the kicker: The U.S. spends 90% of its military budget on domestic companies. That means billions of dollars flow into publicly traded U.S. companies every year. And it happens no matter what. more