Angst in America, Part 5: The crisis we can't muddle through

JohnMauldin2 2In this article John Mauldin explains why pension angst in the United States is understated.He says that pension fund returns come from two sources; cash contributions and interest, dividends, and capital gains earned on the investments into which those cash contributions are placed. But neither of these sources are is producing returns at the necessary levels to deliver the promised benefits. In many cases there is a vanishingly small chance they ever will produce enough. 'And the longer we go without fixing the problem, the smaller the chance becomes', he writes. Read more