Wall Street Journalのインスタグラム(wsj) - 7月31日 11時04分


"I never used coupons before, but I know about coupons now," said George Aissis, a retired firefighter from Central Fall, R.I., who saw his monthly pension check reduced by $1,200 a month.⠀

His city's police and firefighters agreed to cut their monthly pensions by as much as 55% when the town was working to escape insolvency. ⠀

For the past century, a public pension was an ironclad promise. Whatever else happened, retired police officers and firefighters and teachers would be paid. That is no longer the case.⠀

Read more at the link in our bio.⠀

?: @gretchenertl for @wsjphotos


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