Tag: 401k

A group of millennials

It’s still too early to assess the full impact of the COVID-19 downturn on Millennials’ economic fortunes. But Black Millennials had already lost a lot of ground before the pandemic hit their communities hard. Their wealth in 2019 was just half of what would be expected based on how much wealth their parents’ generation had…

stacks of different coins divided between a small and a big group on white background

The IRS has a claim on a chunk. A paper that my colleague Anqi Chen and I wrote last year – “How Much Taxes Will Retirees Owe on Their Retirement Income?” – keeps hitting the “top 10” list on a major listserv for social sciences research.  So let me share our findings.  As people approac…