Public Pensions: Live and Let Die
By John Mauldin
Jun 20, 2015
You used to say live and let live…
But if this ever-changing world in which we're living
Makes you give in and cry… Say live and let die.
The recent slew of data on pension funds suggests that little is being done to correct the huge and mounting problems I have written about for years. Even the recent market upturns of the past few years have not been as big a help as they should have been.
- Pensions are still underfunded.
- The situation is still generally getting worse (with some exceptions, thankfully).
- Taxpayers are still going to fund the difference.
- Recent market upturns have helped some, but not as much as you might think.