He estimates that 1.8 million people in the US will hit the retirement age of 65 every six months — double the pace from 20 years ago. Interest rates were near record lows during the decade. And so investors, starved of the yields that bonds provided in their heyday, tapped riskier assets for their income needs.
According to AARP, people aged 65 and older are the fastest-growing age group in the American workforce. Rieder estimates that roughly 1.8 million people will reach the retirement age of 65 every six months — double the pace from 20 years ago. "That outsized demand will clash with a sobering decline in the net new supply of yielding assets," Rieder said in a recentHe estimates that net issuance of fixed-income assets from treasuries to investment-grade corporate bonds will fall by nearly 30% in 2020 from 2019.
And there's one more complication: global growth has slowed this year, and so it is not the best time to be reaching for low-quality credit either.
Well, apparently both North Korea and Russia are going to kill us with nuclear bombs (so they say). So do I have to save for retirement or not? Many people’s retirement ”plan” is suicide. The current math doesn't work out. Are they going to help or just exploit the desperate?
ایران آخرین اخبار, ایران سرفصلها
Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »