US pension funds are on the brink of implosion – and Wall Street is ignoring

In the past few years alone, hundreds of US pension funds have poured billions of workers’ savings into so-called private equity funds, despite growing concerns that the industry is inflating returns to boost fees. Working people haven’t heard about greater “threats” to their private savings and pensions since 2008.

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Source Article: https://www.theguardian.com/business/commentisfree/2023/feb/02/us-pension-funds-implosion-wall-street-private-equity

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