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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…
Many households do not have enough saved to maintain their standard of living in retirement. This resource gap means that retirees will often have to cut back on consumption and, in some cases, rely on adult children to …
