By many measures, the U.S. has made important strides when it comes to civil rights: The racial gaps in educational achievement, life expectancy, and wages, though still considerable, have all narrowed measurably in the past 50 years. Yet in one marker of fundamental importance—family income—disparities between black and white have remained virtually unchanged since 1968.
Financial literacy awareness and wage stagnation are contributing factors in how much an employee can save for their retirement years. There is no denying the current retirement plan policy proposals on the table for regulators and legislators, are good for American workers. The executive branch and lawmakers are looking for ways to make workplace retirement
The expectation of rising living standards, with each generation doing better than the one before, has long been a given. More recently, that expectation has diminished—and with good reason. One of the best measures economists use to determine Americans’ economic advancement is whether wages are rising, broadly and consistently. After adjusting for inflation, wages are