Along with the student loan debt bubble and other major financial factors, the looming pensions crisis is bound to be the death of us all.
Because it’s based on a future promise to pay, it has long been a benefit dangled to solve strikes and union disputes – because, in the end, it is just more debt, whether private or public.
With tens of trillions in unfunded liabilities, the weight of an avalanche remains dangling over our heads. An aging population is cashing in on needed retirement benefits while the younger generations must support multiples that are unsustainable financially.
Somewhere between the retiree that needs clothing, food and lodging, and the bankruptcy of cities and state governments is the makings of the next economic crisis.
via AgainstCronyCapitalism.org:
This post was published at shtfplan on March 15th, 2017.
Recent Comments