How Safe Is All That Money In Your Pension?
Big Take10 Jan 2023

How Safe Is All That Money In Your Pension?

Millions of Americans–union workers, school teachers, firefighters, office employees at major corporations–are counting on a pension to support them when they retire. Pensions have always been seen as secure and reliable. But in recent years, some of the nation’s biggest pensions have run into trouble. Underfunded or underperforming, they don’t have enough to pay out. Increasingly, that means taxpayers are being asked to step in so retirees aren’t left with nothing. Which means the shaky pension pension system is very well costing you money–even if you don’t have one yourself.

Bloomberg reporters Neil Weinberg, Suzanne Woolley and Akayla Gardner join this episode to explain why the nation’s $4 trillion pension system is having such a rough time–and how much it will cost the rest of us to pick up the slack.

Read more about this story HERE.

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

See omnystudio.com/listener for privacy information.

Avsnitt(812)

How Kevin Warsh Could Shape the Fed’s Future

How Kevin Warsh Could Shape the Fed’s Future

After months of speculation and a publicized selection process befitting The Apprentice, President Trump has announced his pick to lead the Federal Reserve: former Fed Governor Kevin Warsh. Historical...

30 Jan 18min

The Fight Over ICE Funding

The Fight Over ICE Funding

The US Senate failed to advance a government spending package on Thursday, setting up for a partial government shutdown. At the center of the debate is funding for the Department of Homeland Security....

29 Jan 19min

Trump Keeps TACOing. What If Markets Stop Caring?

Trump Keeps TACOing. What If Markets Stop Caring?

Not long ago, markets would have lurched if a president threatened to impose tariffs, attack a foreign nation or compromise Federal Reserve independence. Since Donald Trump’s return to office, though,...

28 Jan 20min

Japan’s Bond Crash Sent Shockwaves Through Global Markets

Japan’s Bond Crash Sent Shockwaves Through Global Markets

From sinking Treasuries to global selloffs, the turmoil in Japan’s bond market is being felt far beyond its borders. On today’s Big Take Asia Podcast, host K. Oanh Ha sits down with Bloomberg’s Ruth ...

27 Jan 18min

 Can Europe Break Up With the US?

Can Europe Break Up With the US?

From his ambitions to acquire Greenland to his retracted (for now) threats of tariffs on European countries that oppose him, President Donald Trump continues to alienate the EU’s member states. But th...

26 Jan 17min

Weekend Listen: Japan’s $2 Trillion ‘Dementia Money’ Cliff

Weekend Listen: Japan’s $2 Trillion ‘Dementia Money’ Cliff

Japan is home to the world’s oldest population and a growing share of the country’s financial assets – about $2 trillion – are controlled by seniors who are showing signs of cognitive decline. On toda...

25 Jan 18min

Banks Really Hate Trump’s Credit Card Proposal

Banks Really Hate Trump’s Credit Card Proposal

President Trump has revived a campaign pledge to cap credit card interest rates at 10%. It’s an effort to address affordability concerns among American consumers and help borrowers. But the banking in...

23 Jan 11min

 SCOTUS Weighs Fed Independence

SCOTUS Weighs Fed Independence

Across the ideological spectrum, Supreme Court justices appeared wary of President Trump’s attempts to fire Federal Reserve Board Governor Lisa Cook in a hearing on Wednesday. Their ruling, which is s...

22 Jan 19min

Populärt inom Politik & nyheter

motiv
p3-krim
spar
flashback-forever
svenska-fall
rss-krimstad
rss-viva-fotboll
aftonbladet-daily
aftonbladet-krim
rss-sanning-konsekvens
rss-vad-fan-hande
olyckan-inifran
fordomspodden
dagens-eko
rss-frandfors-horna
svd-ledarredaktionen
rss-krimreportrarna
rss-aftonbladet-krim
blenda-2
politiken