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Empire of the Fund – The Way We Save Now - Oxford Scholarship Online
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Empire of the Fund: The Way We Save Now

William A. Birdthistle

Abstract

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 United States has embarked upon the richest and riskiest experiment in our financial history. Over the next twenty years, 80 million baby boomers will retire at a pace of ten thousand per day. The hypothesis of our experiment is that millions of busy and untrained citizens can successfully manage their savings in a system dominated by skilled and powerful financial institutions, many of which have a record of treating individuals shabbily. The key tools for saving now are mut ... More

Keywords: mutual fund, 401(k), investing, retirement, savings, pension, finance, Individual Retirement Account, financial literacy

Bibliographic Information

Print publication date: 2016 Print ISBN-13: 9780199398560
Published to Oxford Scholarship Online: August 2016 DOI:10.1093/acprof:oso/9780199398560.001.0001

Authors

Affiliations are at time of print publication.

William A. Birdthistle, author
Associate Professor of Law and Freehling Scholar, Chicago-Kent College of Law, Illinois