ASR in Barron’s: ‘How China’s Retirement Crisis Is Contributing to Weak Consumption’
18th MAY. 2024
In Barron's recent piece, Tanner Brown discusses the implication of retirees savings being concentrated in risky wealth management products.
Adam Wolfe from Absolute Strategy Research comments, that “too many retirees had too much of their savings concentrated in risky assets like wealth management products as they believed these assets had an implicit guarantee. After absorbing losses from those investments last year, many appear to have shifted more of their savings into low-yielding money-market and bond funds, he said. So one reason for working more might be that they’re receiving less income than they expected from their investments.”
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