491 sats \ 3 replies \ @siggy47 30 Oct 2023 \ on: Meta Econ Takeover Day 12 meta
Next bubble to pop? U.S. pension systems
write
preview
700 sats \ 0 replies \ @carlosfandango 30 Oct 2023 freebie
European welfare budgets first…. Completely unsustainable with an aging and ailing population.
reply
410 sats \ 1 reply \ @Undisciplined OP 30 Oct 2023
Any type in particular? Defined benefit, municipal, union, etc.
reply
509 sats \ 0 replies \ @siggy47 30 Oct 2023
Calpers is in deep trouble. Any of the State pensions systems are suspect, since they are underfunded. I would say state municipal are the most vulnerable, then private, depending on the company.
reply