3 ms·
The US has Social Security which is government pension fund for everyone. Social Security had a trust fund of US securities which it is now liquidating to pay f
by ianburrell 2y ago
The US has Social Security which is government pension fund for everyone. Social Security had a trust fund of US securities which it is now liquidating to pay for the retirement of the boomers. This is effectively converting Social Security debt to real debt.
US has also Medicare and Medicaid which are healthcare for elderly and poor respectively.