Prime Ponders

More Toll Roads to Fix America’s Pension Crisis?

At first read, the #SCS* of this story seems to make sense…
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* SCS = #SocialCurrentSee

Even though toll roads are almost as ancient as civilization, the idea remains a mixed blessing. Government officials at every level embrace the idea as a win-win. Taxing authorities defray or avoid full-revenue generation to pay for vital transportation needs while they offload much of the administrative cost for transportation. Taxpayers unevenly assume the costs of toll roads because those who pay are only those who use. Seems fair? ▶ NUZZEL

A comprehensive look at the crisis of unfunded pension liabilities and what must be done to avoid the same problem in the future

As the generational bubble of the Baby Boomers begins to retire, it is increasingly evident that governments, corporations, and individuals have failed to adequately prepare for the obligations and needs of this giant cohort. Retirees are outliving actuarial life expectancies, pension liabilities are skyrocketing, pension plans are underfunded, and medical costs rise, the United States alone can expect unfunded liabilities to exceed $4 trillion.

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