Unfunded pensions in Europe hit 300%-500% of GDP—demographic collapse fuels looming crisis.

November 17, 2024 8:45 pm by CWR

Sharing is Caring!

UK 🇬🇧 over 417%https://t.co/C4DKbiSFcA

— Fungible (@Fun_gible) November 17, 2024

U.S. government's unfunded liabilities are 465% of GDP (only Spain's worse). Federal governments unfunded liabilities total $123 trillion and state & local governments have unfunded liabilities of around $3 trillion for pensions.
(See link for details)https://t.co/WZr8s2LRlR

— cynical1 (@eb10s) November 17, 2024

See also Canada’s Migrant Crisis Costs Rise to $16 Billion Annually

Sources:

Eurostat – Pensions in National Accounts: https://ec.europa.eu/eurostat/statistics-explained/index.php?oldid=514007

See also S&P 500 Downgrades Five Major Regional Banks: A Crisis Brewing?

Econstor – Unfunded Public Pension Entitlements: https://www.econstor.eu/bitstream/10419/73033/1/742711358.pdf

European Commission – Implicit Pension Liabilities: https://ec.europa.eu/eurostat/statistics-explained/index.php?oldid=610738

Office for National Statistics – UK Public Sector Pension Liabilities: https://www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/pensionssavingsandinvestments/articles/ukenvironmentalaccounts/unfundedpublicpensions

Financial Times – Spain’s Pension Crisis: https://www.ft.com/content/f9a260f8-2d8f-11ec-bd0d-0b97f85ac6dc