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Unfortunately, more and more retirees are falling into debt at the exact point in their lives when they should be free from financial worries. Whereas older people paid off their mortgages in generations past, now nearly half of all senior citizens still owe a house note.
In the media
Lynnette Khalfani-Cox
But for many, even landing a job was not enough to make ends meet: of those 5 million job openings, nearly half paid less than $15 per hour, leaving only 2.7 million that paid $15 or more per hour. And for workers able to secure only part-time employment, wages were even more inadequate: in 2014
In the media
Amy Traub
The economic recovery, officially underway since June 2009, is still leaving millions of working Americans behind.
Blog
Amy Traub
As Black Friday approaches, retailers nationwide are waiting anxiously to see whether the nation’s busiest shopping day will deliver a boost in profits. But perhaps no company has more at stake than Walmart, the shopping behemoth that was the world’s largest retailer until Amazon supplanted it in
In the media
Amy Traub
However generous paid leave benefits are, whether employees actually use those benefits will depend a lot on the culture they work in and the social pressures they face. Amazon, for instance, is "notorious for its competitive work environment, and simply having access to leave may not be enough if
In the media
Emily Crockett
All in, 401(k) fees can range from 50 basis points up to 3 percent, said David Walters, a CPA and certified financial planner with Palisades Hudson Financial Group. Any plan charging more than 1 percent, Walters insisted, should be seen as suspect. "Taken over an employee's lifetime, that can make a
In the media
Ilana Polyak
Fees can take a bite out of your retirement income, so it's important to be aware of what advisory or fund management fees you might be paying. Fees for a median-income two-earner family can eat up almost one-third of their investment returns over a lifetime, according to Demos, a think tank
In the media
Aimee Picchi
As you read this, workers across the country from retail, fast food, home care, and the federal government are launching one of the biggest strikes yet, calling for $15 an hour and collective bargaining rights. Together, they make up the American working class, the backbone of our economy, and they
Blog
Tamara Draut
New Yorkers now have the right to apply for and work at a job without an employer demanding a look at their personal credit history.
Blog
Amy Traub
Discussion about the working class, who make up the majority of American families and would benefit most from such a raise, has all but disappeared from popular conversation.
Blog
Tamara Draut