Tag: 401k saving
Working women have clearly made progress since the 1970s, led by the boomers who streamed into the labor force. They are better educated today, and their pay has been rising relative to men’s. But women continue to contend with lower pay and interruptions in their work histories and premature retirements to care for children or…
But holdings remain low, and many households have none. The Federal Reserve recently released the 2019 Survey of Consumer Finances (SCF), a triennial survey of a nationally representative sample of U.S. households, which over-samples those with high net worth. It is considered the gold standard of information on income and wealth. For American households, bot…