What was a reason for the city of Detroit's bankruptcy?
A) The disparity between the amount due in pension payments and the amount in the fund and coming in
B) Payments for gun-related crimes
C) The GM pension plan
D) All of the above

Question

Quizplus · Accepted Answer

The main reason for Detroit's bankruptcy was the disparity between the amount due in pension payments and the amount in the fund and coming in. While some argue that other factors, such as payments for gun-related crimes and the GM pension plan, contributed to the city's financial crisis, they were not as significant as the underfunded pension fund.

What Was a Reason for the City of Detroit's Bankruptcy