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The Great Inflation of the 1970s destroyed faith in paper assets, because if you held a bond, suddenly the bond was worth much less money than it was before.

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Ron Chernow

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The public has lost faith in the ability of Social Security and Medicare to provide for old age. They’ve lost faith in the banking system and in conventional medical insurance.

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We really haven’t had very much experience with people funding their retirement out of the stock market, and we don’t know, frankly, how it would work under every scenario.

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May 26, 2024

We really haven’t had very much experience with people funding their retirement out of the stock market, and we don’t know, frankly, how it would work under every scenario.

Previous

May 26, 2024

The public has lost faith in the ability of Social Security and Medicare to provide for old age. They’ve lost faith in the banking system and in conventional medical insurance.

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