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2019 PENSION CRISIS UPDATE



LINKS:
https://www.cnn.com/2019/08/14/perspectives/pensions-us-retirement/index.html
https://www.marketwatch.com/story/what-retirement-crisis-number-of-401k-and-ira-millionaires-hits-record-high-2019-08-21
https://www.cassinfo.com/freight-audit-payment/cass-transportation-indexes/cass-freight-index
https://www.democratandchronicle.com/story/news/education/2019/09/21/rcsd-rochester-school-district-short-50-million-budget-layoffs-warren-layoff/2402982001/
https://fee.org/articles/the-5-states-with-the-most-underfunded-public-employee-pensions/

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12 Comments

  1. The whole verse is: Don't cast pearls before swine nor your treasures before dogs, lest they trample them in the mud and rend you to pieces.

    Also: "a little education is a dangerous thing" and "an educated mind without morals is dangerous."

    We see all three happening now. One the one hand, a lot of people have been given things they have no appreciation for. This includes these entitled college kids out protesting and trying to tear everything down. We have barely educated people now who think they are the best, and have no real moral or ethical foundation. It's basically all grab, scream, scheme, demand, and fiend for attention, because they are owed it like teacher and society told them.

    Now I'm not letting the top percentages off either. They say the cream rises to the top, but so doe scum, especially in the sewers, which is what the environs of wealth and power usually are. Seriuoslu, look at cities, the centers of power, in all of recorded history. Sodom and Gamorrah seemed not too far out from the norm. The stories of kings and emperors make them fit right in there.

  2. Good luck saving $5 million when most people will barely earn $1m over their lifetime. Very few will actually earn $5m and their costs of living are going to eat up a lot of that. Now if the manufacturing jobs were still here and people were getting real educations, then maybe.

  3. my two cents on surviving this cluster F we are about to live…..learn to make bread at home – learn to grow some lettuce and other vegetables in you house duing the winter – appreciate walking everywhere – get a few solar panels. All of this in addition to gold, silver, and lead of course. great video yet again.

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