Retirement Savings in the Dark
For most of the 20th century, there was a clear wall between working people’s pension funds and the riskier corners of financial markets. This wasn’t accidental—it was the law.
Another very troubling report from the Economic Policy Institute (EPI). In their latest weekly economic snapshot they show that African Americans are the only group of workers who have seen their wages go down during the recession. As noted in our last post (see point 3), the official unemployment rate for African Americans is more than 50 percent higher than the national average (14.7% vs. 9.5%).
From EPI:
African Americans see weekly wage decline
by Algernon Austin
