Each Saturday, #we publish our Chart of the Week. It presents interesting trends and data, usually related to the U.S. labor market.
This week’s chart shows private pension funding compared to the S&P 500 and comes courtesy of the ZeroHedge blog:
…according to a recent S&P study, private companies are at record levels of pension under-funding. Fiscal 2011 shows that the under-funded level for S&P 500 companies’ defined pensions reached an epic $354.7 billion – an increase of over $100 billion from 2010 and surpassing the 2008 record of $308.4 billion – and OPEB under-funding reached $223.4 billion.
Relying on your private employer pension to be around 10 or more years from now is becoming a riskier proposition. While this isn’t a financial advice blog, we do provide resources for people who want to take more control over their careers. If you’re considering venturing out on your own as a freelancer or entrepreneur, a strong personal brand and huge digital footprint will be great assets.