Tag: saving
There’s a growing awareness of the chasm between average working Americans and those at the top of the earnings scale. What isn’t widely recognized is that this broad economic trend is spilling over into retirement incomes, which depend on how much people earn and save while they’re still working. “The increasing wage inequality we s…
Older Americans who are in debt are choosing to delay their retirement, researchers conclude in a new working paper. In earlier findings released last summer, the researchers, Barbara Butrica and Nadia Karamcheva of the Urban Institute, documented the growing prevalence of borrowing since the late 1990s among adults ages 62 through 69. Median debt levels…
