Problems with both the Start of Working Life and the End of Working Life in the USA

For starters:  this is a pretty grim article regarding the young university graduates “Jobless generation puts brakes on US” (from that daily font of Keynesian wisdom – which was supposed in 2009-2012 to get the USA out of this mess by opening the spigots of deficit spending – the Financial Times).

Now the other end of the working life, and selecting the most populous US state, we have the wonderfully terrifying PensionTsunami.com website. Poke around it a bit, you really won’t be disappointed.

“The oncoming wave of pension debt is even bigger than it seems. The purpose of this website is to provide an overview of the multiple pension crises that are about to drown America’s taxpayers. Our primary focus is on California, but we also track other states, corporate pensions, social security and international trends.”

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Filed under Economy, Finance

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