Thursday, October 19, 2017
Here's what you owe to make up your state's pension and debt shortfall
CNBC has a very interesting (and, depending on where you live, a potentially devastating) article showing the liability of residents of each state to pay off the current shortfall in that state's unfunded debts, pension shortfalls, and so on. Here's a helpful chart to show where you stand.
There's much more information at the link. It's important and highly recommended reading - and remember, the figures above exclude federal government debt and privately held debt, which together amount to far more. Frankly, if you live in one of the worst-performing states on that list, it may be time to do anything and everything you can to get out of there before things get worse!