Your pension may depend on future workers

HERE’S THE INTERESTING PART

Generations of civic workers were promised a comfortable retirement, but someone forgot to actually save the money. A massive number of state pension funds are operating at severe deficits, relying entirely on the hope that future workers will somehow magically cover the shortfall.

From the Stacky collection1 min read

Your pension may depend on future workers — STACKY / Economy

Topics in this factlaborpensionsdebt

One discovery leads to another.

Keep exploring facts in this topic.

Economy →

ONE MORE DISCOVERY?

Keep exploring

All in this topic →

Economy

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross…

Discover more

Economy

Thomas Jefferson died deep in debt

He may have written the Declaration of Independence, but he couldn't balance a checkbook. He lived so far beyond his means, importing expensive French wines…

Discover more

Economy

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars…

Discover more

Economy

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the…

Discover more

Economy

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible…

Discover more

Economy

Issuing government bonds is borrowing from grandchildren

Nothing screams fiscal responsibility like forcing future generations to foot your current grocery bill. Treasuries issue formal IOUs to fund immediate…

Discover more

Your pension may depend on future workers

A bigger world.One discoveryat a time.

Keep exploring

Japan possesses the highest national public debt in the developed world, routinely hovering around two hundred and sixty percent of their entire gross domestic product.

Thomas Jefferson died deep in debt

North Korea literally ordered one thousand luxury Volvo sedans from Sweden in the 1970s and then just completely ghosted them on the invoice after the cars were successfully delivered.

Julius Caesar introduced a massive debt restructuring program that effectively banned creditors from charging exorbitant interest rates and stabilized the failing Roman economy in 49 BC.

Global debt has ballooned to over 300 trillion dollars, a figure that massively outweighs the total amount of actual, physical money and easily accessible liquid assets that currently exist on planet Earth.

Issuing government bonds is borrowing from grandchildren

A bigger world.
One discovery
at a time.