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Hubert19570 t1_ixqie22 wrote

Proud to be Dutch. Two in the top-10

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peter303_ t1_ixqydlk wrote

US Social Security trust fund would be third on list with $2.8 trillion assets in 2021.

It is a shrinking asset. Its balance declined 2% in 2021 due to lower income (FICA taxes and treasury bond interest) than pension payouts. Its projected to be fully depleted by 2034.

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Zeplar t1_ixs0pc8 wrote

Replying to peter303_ (#669,277)

Huge asterisk there. Projected to be partially depleted if there's no new legislature in 12 years. Still paying out 80% in that case. Other projections also give it till 2070, 2034 is the worst case if the economy continues to shrink.

SS is one of the most popular public policies, not very likely it will end.

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LanewayRat t1_ixsaxrq wrote

This isn’t really comparing apples with apples since laws differ massively across countries.

For example, Norway has a large amount of assets ($1.7T) in a particular fund because that single basket for contributions is mandated by government. Australia meanwhile has superannuation laws that require contributions be made to a myriad of different super funds that individuals choose — only the biggest few appear here (eg: Australian Super with $169B) but the total of all assets under administration in Australian super funds is actually $3.3T.

Then again, Australia has 5 times the population of Norway. Just saying it’s hard to make comparisons though…

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