It might help you sleep at night to know that the U.S. pension system is "better off" than other industrialized nations, according to a new study from Allianz Global Investors (AllianzGI).
According to AllianzGI, at $17.3 trillion as of year-end 2007, the U.S. pension market is the largest, most developed in the world and is likely to remain dynamic as investors seek investment strategies that not only target returns but also provide risk management and features that factor in an individual's age, life expectancy and target retirement date. AllianzGI estimates U.S. pension assets could reach $25.5 to $36 trillion by 2020.
That's the good news.