“Credit-rating agency Moody’s estimates state, federal and local government pensions are $7 trillion short in funding. And corporate pension funds are underfunded by $375 billion. One of the big drivers behind this is that investment returns are way too low. Today with government bonds yielding 3% or less (and in some cases bond yields are NEGATIVE), they aren’t achieving their targets. One or two years with sub-optimal investment returns is not catastrophic. But it’s been like this now for a decade. And that’s just problem #1. Problem #2 is that the ratio between workers and retirees is moving in the wrong direction.”
Related posts:
3D Printing Now Brings You Semiautomatic Pistols (To Scare Control Freaks)
7 Ways States Are Defying the Federal Government With Local Laws
The biggest scams in Bitcoin history
US govt to auction $18mn worth of bitcoin seized from Silk Road
Disabled Duck Gets A New Foot Thanks to 3D Printing Technology
Ben Affleck Defends TSA 'Dick Grabbing'
Americans Realize Washington Is the Problem, Support Cap to Control Spending
Privacy at Risk: Global Gold Storage Firms Get Rid of US Citizens
Should Cities Be in the Business of Issuing Debit Cards? [2013]
Write A House Is Giving Writers Free Homes In Detroit
House unexpectedly votes to stop warrantless NSA searches
Debt ceiling suspended: US takes on $300bn in new debt after hitting $16.7 trillion
Why Rising Rates Will Be Good for Your Investments
Veteran Faces Jail Time For Using Marijuana As Treatment For PTSD
Electronic car lock hack revealed after 2-year injunction by Volkswagen