Tag: saving
When it comes to wealth, Asian-Americans aren’t much different than whites. The typical household’s net worth is around $133,000 in each group, and about 10 percent have no wealth at all. And like white America, Asian-American inequality is high and rising. Asian-Americans ranking in the top 10 percent (in terms of their wealth levels) hav…
Our 401(k) retirement system doesn’t work as well for lower- and middle-income workers as it does for those at the top. That’s because they face more severe headwinds in pursuit of their retirement goals, concludes a new study. Consider what happens when a worker’s earnings drop 10 percent or he experiences a bout of unemployment…
