Impress upon your young citizens and economists the issues at stake with underfunded pension plans, which are projected to cut into very important areas of investment, such as education, in order to fund the appropriate liabilities. This video also describes how the situation came to be as a result of decisions made to put aside less money considering low interest rates, cost of living adjustments, etc.

Concepts

retirement, cost of living, state government, government spending

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Additional Tags

liabilities, social studies

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Classroom Considerations

• This video is hosted on YouTube

Pros

• Use of charts and graphs really help to convey concepts

Cons

• Would be great to follow up with some research on how government organizations are working to address the situation

Common Core

SL.9-10.5 SL.11-12.5 RH.11-12.7