Unfounded Optimism: High Investment Returns are History

A Video Infographic for Hoover Institution

#Education

PART 4

Stocks and bonds used to have high rates of return, but those times are gone. Bond yields are much lower than they used to be and achieving high returns requires taking on more risk. When shortfalls happen, taxpayers are on the hook.

See Part 5 of the “Pension Pursuit” series here.