“America’s largest cities drowning in debt, with Chicago leading the way, study finds”

“The two cities with the highest burden: Chicago and New York City; Chicago’s combined taxpayer burden: $119,110; New York City’s combined taxpayer burden: $85,600…

• Chicago’s combined Taxpayer Burden: $119,110
• New York City’s combined Taxpayer Burden: $85,600
• Los Angeles’ combined Taxpayer Burden: $56,390
• Philadelphia’s combined Taxpayer Burden: $50,120
• San Jose’s combined Taxpayer Burden: $43,120
• San Diego’s combined Taxpayer Burden: $35,410
• Dallas’ combined Taxpayer Burden: $33,490
• Houston’s combined Taxpayer Burden: $22,940
• San Antonio’s combined Taxpayer Burden: $16,660
• Phoenix’s combined Taxpayer Burden: $13,290 ​​​​​​

Forbes reported that the city’s taxpayer burden is attached to unfunded retirement obligations amassed over of a number of years: $39 billion in retirement benefits have been promised; $28 billion in pension and $842.9 million in retiree health care benefits haven’t been funded.”

https://www.foxnews.com/politics/cities-drowning-debt-chicago-study

Debt is bad. Avoid it. Maybe this is one of those things that’s easy to learn but hard to master? I really don’t understand how most people have debt problems.