MInTheGap

Standing in the Gap in a Society that's Warring with God.

$534,000 Per Household

June 7th, 2011 Viewed 1341 times, 1 so far today

How do you plan on paying off this one?

The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.

MInTheGap

Standing in the Gap in a Society that's Warring with God.