The pension funding problem will be the next crisis. We are looking at a $4 trillion pension deficit across the public and private sectors in the U.S., after nine years of rampant asset inflation. That's a stunning statistic. If the market corrects even 15%, and stays there, it will bore massive holes in pensions. New Jersey, Illinois, state after state, are figuring out how to close this gap.
~ Stephanie Pomboy, founder, MacroMavens, "How the Fed Will Trigger the Next Crash," Barron's, March 24, 2018
Showing posts with label pension crisis. Show all posts
Showing posts with label pension crisis. Show all posts
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