Why You’ll Need To Save Way More Than You Think — TIME


A few years back, Mohamed El-Erian, the former CEO of PIMCO, coined the term “New Normal” to describe the post-crisis era of lower returns, slower growth, and more volatility. At the time, it was quite a bold prediction. But now it’s increasingly the conventional wisdom. Witness Thursday’s release of a new report from the McKinsey…

via Why You’ll Need To Save Way More Than You Think — TIME

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