The Strongest Source of New Capital
ONE of the newest and fastest-growing sources of new capital in the U.S. economy is the vast program of private pension funds. There are now 20,000 separate corporate plans covering in million workers, or 17% of the whole U.S. labor force. Their assets this year will reach $19 billion, and they are growing at the rate of $2 billion each year. By 1960, pension funds will have estimated assets of $35 billion and new contributions will be pouring in at the rate of $6 billion annually30% of all savings available for new investment. For businessmen, the...
To continue reading:
or
Log-In
