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.
Dear God! This scares me. What scares me more is that this way more than my students loans for graduate school.
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Posted by Kate | June 21, 2011, 7:28 pm