The Retirement Crisis Balloons
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Description
According to Bloomberg, “New York City’s pension costs will rise by about $6 billion over the next three fiscal years as high inflation and fears of a recession have hammered...
show moreTed Siedle, co-author of “Who Stole My Pension” says, “When the American or your state pension says they lost 6%, that’s not true. The number is probably double or triple that.”
CALpers, the largest government pension in the United States, which used to be known as the best-run pension in the U.S. has been faced with scandal and controversy. It’s no longer the gold-standard for anything. Siedle says, “It’s the gold standard for mis-behavior.”
Host Robert Kiyosaki and guest Ted Siedle discuss the ballooning pension crisis and what that means for future generations.
Information
Author | The Rich Dad Media Network |
Organization | Audivita Studios |
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