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A comment on The Dream Hoarders: How America's Top Percent Perpetuates Inequality. Parent comment

Re:The Dream Hoarders: How America's Top Percent Perpetuates... by bradknowles on Monday February 11, 2019 @05:47PM (#19139222)
Not for much longer.

Pensions were eliminated in most employers in favor of 401k or other types of investment vehicles, and so Pension funds will get more rare and smaller over time.

The day of the Pension Fund is largely over.

[ Parent | on HN ]
Re:The Dream Hoarders: How America's Top Percent Perpetuates... by bradknowles on Monday February 11, 2019 @05:49PM (#19139244)
The modern alternative to Pension Funds are Hedge Funds.

The difference is that Hedge Funds are created by the ultra-wealthy, for the ultra-wealthy. And their only purpose is to generate massive amounts of more wealth, for the ultra-wealthy.

[ Parent | on HN ]