UK 🇬🇧 over 417%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)t.co/WZr8s2LRlR— cynical1 (@eb10s) November 17, 2024
Sources:
Eurostat – Pensions in National Accounts: ec.europa.eu/eurostat/statistics-explained/index.php?oldid=514007
Econstor – Unfunded Public Pension Entitlements: www.econstor.eu/bitstream/10419/73033/1/742711358.pdf
European Commission – Implicit Pension Liabilities: ec.europa.eu/eurostat/statistics-explained/index.php?oldid=610738
Office for National Statistics – UK Public Sector Pension Liabilities: www.ons.gov.uk/peoplepopulationandcommunity/personalandhouseholdfinances/pensionssavingsandinvestments/articles/ukenvironmentalaccounts/unfundedpublicpensions
Financial Times – Spain’s Pension Crisis: www.ft.com/content/f9a260f8-2d8f-11ec-bd0d-0b97f85ac6dc
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