America’s “Silent” $6 Trillion Crisis

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Title : America’s “Silent” $6 Trillion Crisis
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news-today.world | America’s silent crisis is no longer… silent.

MarketWatch columnist Jeff Reeves has warned that “collapsing pensions will fuel America’s next financial crisis.”

“This is not a distant concern,” he adds, “but a system already in crisis.”

By some estimates, America’s public pensions alone are sunk in a $6 trillion abyss.

According to the Federal Reserve, pensions — public and private combined — were roughly 27% underfunded as of last year.

Meantime, vast hordes of pensioners are entering or approaching retirement.

Come at the dilemma from any angle… and you come upon a labyrinth.

How has the American pension come to such a sad pass?

As far as public pensions run, the answer is close by.

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