Tag: saving
![scales](https://crr.bc.edu/wp-content/uploads/2017/08/balance.jpg)
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…
![Images of growing stacking coins and Hand putting coin into glas](https://crr.bc.edu/wp-content/uploads/2022/12/Money-stacked-1536x1024.jpeg)
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…