Empire of the fund : the way we save now / William A. Birdthistle.

9780199398591 (ebook) :

New York, NY : Oxford University Press, 2016.

1 online resource : illustrations (black and white)

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'Empire of the Fund' is an examination of the way we save now. With the rise of the 401(k) and demise of the pension, the US has embarked upon the richest and riskiest experiment in our financial history. Over the next 20 years, 80 million baby boomers will retire at a pace of 10,000 per day. The hypothesis of our experiment is that millions of busy and untrained citizens can manage their savings in a system dominated by powerful financial institutions, many of which have a record of treating individuals shabbily. The key tools for saving now are mutual funds, which hold more than $16 trillion. But funds pose three dangers: structural vulnerabilities that give managers the incentive to privilege marketing over investing; human challenges of husbanding our savings decades into the future; and the bad behaviour of financiers.

Oxford scholarship online.

Print version :

Books / Online

English

August 25, 2016

Includes bibliographical references and index.

Specialized.