PAYG
Pay-as-you-go: scheme where pensions (and other benefits) paid out today are funded from revenues collected today.
« Back to Glossary Indexby Mike Rawson ·
Pay-as-you-go: scheme where pensions (and other benefits) paid out today are funded from revenues collected today.
« Back to Glossary Index
by Mike Rawson · Published June 3, 2020
by Mike Rawson · Published May 30, 2018 · Last modified January 9, 2020
by Mike Rawson · Published September 29, 2018
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The only function of economic forecasting is to make astrology look respectable.