- PII
- S207054760011674-8-
- DOI
- 10.18254/S207054760011674-8
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume / Issue 3
- Pages
- 0
- Abstract
The outbreak of coronavirus pandemic has presented a serious challenge for economics, social institutions; and strengthened risks for pension funds in particular. The previous dynamics of pension funds all over the world showed different approaches to retirement savings and the regulation of their investment by national governments. The economic consequences of coronavirus pandemic show big stress for the pensions industry in the Unites States as well as in other countries. Wild market swings have challenged pension asset managers, but the diversification of the asset bases is an important but not the only issue of the day. The current situation reinforced many other points. Widespread job losses and business closures threaten pension plans revenues of future retirees. At the same time the economic downturn would cut the ability of Americans for bigger pension contributions.
- Keywords
- retirement savings, US, government regulation, coronavirus pandemic
- Date of publication
- 25.09.2020
- Year of publication
- 2020
- Number of purchasers
- 25
- Views
- 2934
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