“Wealthy” Chicago households on the hook for up to $2 million in debt each under progressive approach to pension crisis
June 25, 2019
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The total amount of city, county and state retirement debt Chicagoans are on the hook for is $150 billion. That’s nearly $145,000 per household. Most can’t afford to pay that debt. If politicians put the burden only households earning $200,000 or more, those Chicagoans will be on the hook for more than $2 million in government retirement debts each.
