Therefore, it is more of a concern for me now than it was during the last couple of years. More recently, the equity markets’ boom-bust scenario has left pension liabilities underfunded on a grand scale. To catch up on old-age provision is a key task for our ageing societies; saving needs to be expanded.
A Federal Reserve System work group has prepared overviews of the current state of knowledge about housing and mortgage markets, and further research is currently under way to fill in the most important analytical gaps.