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Recent media stories have attracted renewed attention to a rise in young adults living with their parents. Explanations range from the economic (e.g., rising housing costs) to the social (e.g., smart phones keeping kids more tethered to their parents)…
In recent decades, public pension plans in the United States have changed how they take on risk. At the turn of the century, their risky investments were primarily in public equities, whereas alternative assets – like private equity, real estate, and hedge funds – accounted for just 14 percent of all risky investments…
