Tag: older workers
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…
A series of studies suggests tempered optimism at best. Larry Fink, in his annual letter to Blackrock investors, once again raised the question about the appropriate retirement age. Certainly, with life expectancy and health improving – at least for a portion of the population – longer careers could be one way to ensure an adequat…
