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Non-Tech : Investing in Real Estate - Creative Opportunities -- Ignore unavailable to you. Want to Upgrade?


To: E_K_S who wrote (2660)6/7/2019 3:31:55 AM
From: John Vosilla1 Recommendation

Recommended By
E_K_S

  Read Replies (1) | Respond to of 2722
 
Interactive map of pension liability by state..

policyed.org

Looks like Alaska, California and Illinois the worst at $25k per person unfunded. Tennessee appears to be the lowest by far (actually not a surprise to me but the gap with the rest of the pack was)

Nationally, Pension Tracker calculates the total pension debt on a market basis at $5.2 trillion, or an average of $43,179 per household.

Unless pension funds around the nation continue to earn 7% or more per year on their investments, it’s likely that taxpayers will be on the hook for trillions of dollars of promises to government unions. These promises have been made by politicians past and present, resulting in pressure to increase taxes and cut government services.

forbes.com

Assume this is article you were referencing?? Not looking good IF and WHEN financial assets have several bad years and interest rates rise.. All is hidden with 10 year risk free rate so low and nice compounded annual returns the past 10 years for funds under management. Shocking San Jose liability has tripled since 2001 even with housing bubble for the ages also factored in.....