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| Here Are America's Most Underfunded Corporate Pensions | |
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| Tweet Topic Started: Jul 21 2017, 09:30 AM (113 Views) | |
| Robertr2000 | Jul 21 2017, 09:30 AM Post #1 |
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Here Are America's Most Underfunded Corporate Pensions 7/21/17 We spend a lot of time talking about the public pension crisis because, well, it's a massive $5 - $8 trillion dollar overhang on the economy and one which will undoubtedly result in some heartache for investors at some point in the future. Unfortunately, there are some problems that are too large for even U.S. taxpayers to fix and, with an underfunding of $52,000 (mid-point) per household, somehow we suspect this is one of them. Of course, our nation's various governmental institutions aren't the only ones to have unwittingly created massive ponzi schemes from which there is no escape. In fact, as Bloomberg points out today, as of the end of 2016 over 90% of the top 200 corporate pensions in the S&P were unfunded to the tune of $382 billion. Here's a look at the funded status of the top 20: Meanwhile, just the top 20 corporate pension funds are underfunded by over $100 billion: http://www.zerohedge.com/news/2017-07-20/here-are-americas-most-underfunded-corporate-pensions |
| "if that **** wins we'll all hang from nooses" | |
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| Robert Stout | Jul 21 2017, 05:11 PM Post #2 |
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Underfunded pensions do not happen overnight....It is usually due to years of the corporation not putting money in the pension plan..........
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| Jesus can raise the dead, but he can't fix stupid | |
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| Robertr2000 | Jul 21 2017, 05:21 PM Post #3 |
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Our Government is a Corporation. |
| "if that **** wins we'll all hang from nooses" | |
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3:35 PM Jul 11