How do you plan on paying off this one?
The $61.6 trillion in unfunded obligations amounts to $534,000 per household. That’s more than five times what Americans have borrowed for everything else — mortgages, car loans and other debt. It reflects the challenge as the number of retirees soars over the next 20 years and seniors try to collect on those spending promises.
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Dear God! This scares me. What scares me more is that this way more than my students loans for graduate school.