This blog attempts to educate people about how our economy works and to provide updates on what is going on in the economy that may affect them (See personal story at the bottom of the page). Neither this blog nor I are investment advisors, any opinions posted on this site are my own. Please seek a professional investment advisor to fit your personal investment goals.
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Monday, August 9, 2010
Pension Funds feeling the Pain
Here is a video by the NY Times explaining the 1 Trillion dollar gap in Pension funds. Some funds are less than 10 years away from running out of money. The gap can be made up by tax payers or they can ask pension recipients to take a cut in pension pay. [ see video... ]
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