Public pension liabilities should be treated like traditional government debt by policymakers. Pension obligations lack legal debt instruments but have major fiscal impacts and credit implications.

For 42% of Americans, lowering debt is the biggest financial priority in 2025, according to a recent report by the CFP Board, the nonprofit credentialing body for U.S. financial planners. Saving up ...

Public debt is projected to reach nearly 100 percent of global gross domestic product by the end of this decade, surpassing even pandemic-level highs. Governments, particularly those in emerging ...