Tag: home equity

Photo of a Black family visiting their parents

The stark difference in Black and White workers’ wealth is old news. But now we have some fresh information about the wealth gap: it grows as people age and move through their retirement years. The most striking deterioration in Blacks’ relative standing can be seen in non-housing wealth. This mainly consists of 401(k)-style plans and…

tightrope walker

While COVID was raging, the jump in house prices and a rising stock market were dramatically improving U.S. workers’ retirement finances. But the news is not quite as good as it appears, because the increase in house prices in 2020 through 2022, which continues today, was the largest single reason for the improvement. Yes, Americans…