Fox News Radio: What If Your State Goes Bankrupt
Very excited to appear on Fox News Radio to share my commentary on how the potential bankruptcy of individual States can affect you and your personal finances. Although a very rare situation, we’ve already witnessed the chapter 9 bankruptcy of Detroit in 2013 creating overlapping problems that filter down to the common person. As if working hard wasn’t good enough, I get to share some other thoughts and ideas that may help someone anticipate the “what ifs”.
How does a rising State income tax do?
How does this affect the pension system of which many workers have funded through their paycheck during their entire career?
Would a federal government bailout be in order?
How can someone gain financial “altitude” above this scenario?
How does this affect our children, the next generation?