How inequality is worsening the retirement crisis
The gap between the top 1 percent of American earners and everyone else will play out for years to come, thanks to its impact on retirement savings. Income inequality is wreaking havoc with the ability for low- and middle-wage earners to put money aside, according to a new report from the National Institute on Retirement Security. While the rich have always been able to put money away, the past five years of widening income inequality means that fewer low-income Americans today even have a retirement account. Read more…
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