25 JUL

There’s one obvious culprit behind the US pension crisis

retirement pensionAllison Shelley/Getty Images

  • Corporate pension plans are facing a $ 553 billion shortfall.
  • State, federal and local government pension plans are $ 7 trillion short in funding.
  • The reason for this crisis is simple — investment returns are not high enough.

I’ve been talking a lot about the looming pension crisis…

My short thesis is, if you’re depending on a pension for your retirement, it’s time to start looking elsewhere.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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