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

November 17, 2024 8:45 pm by CWR

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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 Dollar's surge threatens Asia's markets, mirroring 1980s Latin American crisis. S&P 500's five-day decline mirrors 2022 and 1987 market crashes.

Sources:

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

See also US Dollar's strength causing global currency crisis, dislocation likely ahead. Japan will panic. The reverse carry trade isn’t f**king over.

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

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