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The Quiet Crisis: Pensions Under Pressure

posted by Darren Gersh, Washington Bureau Chief at 12:50 PM on 06/23/09

Power Town

There are so many crises under way that it is hard to keep track of them all.

But here is one quiet crisis that is gathering force: pensions are under pressure.

A good report on this came out from the OECD and it is worth a read. You can find information on the report here.

The figure that caught my eye is that private pension funds lost almost a quarter of their value last year.

No wonder we are all trying to save more.

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