The Public Pension Crisis. Archives

daniel December 11, 2016December 11, 2016 $4.798 trillion in pension obligations, Digitalization, Four Economic Problems, Income Inequality, many Americans cannot afford housing, new foreclosure crisis, real estate bubble, Robotization, Student loan debt in the US reached $1.2 trillion, Technological Unemployment, The Public Pension Crisis., The strong US dollar, Two Long term Economic Nightmares

Six Things about the US Economy that should scare you to Death

The Public Pension Crisis. State and local governments across the nation have accumulated $4.798 trillion in pension obligations, but they have only $3.607 to cover the promises to employees, The Hoover Institution calculated. That means they will have to come up with $1.91 trillion, and the most likely place it will come from is cutting basic government services.