Pension funds have been among the most rapidly growing of all financial intermediaries. Between 1980 and 2000, the assets of all private and public pension funds multiplied more than 10 times over, reaching more than $8 trillion in the United States alone in 2000.

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The growth of pension funds as financial intermediaries has been significant, especially in the late 20th century. The increase in assets to over $8 trillion in the United States by 2000 reflects the rapid expansion and importance of pension funds in the financial sector during that period.

Pension Funds Have Been Among the Most Rapidly Growing of All