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The “Golden Age” of Defined Contribution Pensions is Fading, But It’s Not That Bad

The retirement savings picture in this country is described in many media accounts as being in crisis, but not everyone agrees with that. Paul Schott Stevens, president and CEO of the Investment Company Institute, is one who believes that Americans are well ahead of the rest of the industrialized world in preparing financially for retirement; his views were presented in a speech earlier this month to the World Affairs Council, and can be read here…


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