There’s one obvious culprit behind the US pension crisis

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• 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.

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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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