Fox Business reports on NIRS research that finds that financial asset inequality among Americans continues to increase, and the inequality is consistent across generations.
“Older adults in the U.S. are facing a record-high level of income inequality in the U.S., despite consistent economic growth. And the wealth disparity may be due to the differences in the median value of retirement accounts and home equity among higher-and lower-earning households, two new reports show.”
“A report by the National Institute on Retirement Security (NIRS) looked at financial assets like savings accounts, stocks and bonds. Researchers found that baby boomers’ share of financial assets has shifted toward the wealthy.”
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