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The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

The Ticking Time Bomb That Will Wipe Out Virtually Every Pension Fund In America

Posted: 30 Mar 2017 09:00 PM PDT

Are millions of Americans about to see the big, juicy pensions that they were counting on to fund their golden years go up in flames in the biggest financial disaster in U.S. history? When Bloomberg published an editorial entitled “Pension Crisis Too Big for Markets to Ignore“, it simply confirmed what a lot of people already knew to be true. Pension funds all over America are woefully underfunded, and they have been pouring mind boggling amounts of money into very risky investments such as Internet stocks and commercial mortgages. Just like with subprime mortgages in 2008, this is a crisis that everyone can see coming well in advance, and yet nothing is being done about it.

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Kategorien:Europa
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