Tag: COVID-19
The brief’s key findings are: Surprisingly, the COVID-induced recession appears to have had little impact on retirement because: Social Security checks still go out and its finances are little changed; 401(k) contributions and balances seem relatively unaffected; and unemployment has not disproportionately hurt older workers. But the pre-COVID weaknesses remain: Social Security has a long-term…
In the COVID-19 downturn, this blog has had a steady supply of stories and statistics about the damage being done to low-income and middle-class families. That’s one perspective on the pandemic. The growing billionaire class is another one. Since last March, the nation’s 660 billionaires have added more than $1 trillion to their wealth –…
