In a new Forbes column, NIRS Executive Director Dan Doonan writes that most working Americans will continue to struggle to achieve retirement security because the ownership of financial assets is highly concentrated among the wealthiest.
He explains that a new analysis, Stark Inequality, examines the role of race in financial asset ownership. Boomer, Gen X, and Millennial white households own the vast majority of financial assets, while Black and Hispanic households hold only a sliver.
Read the full column here.
In a Forbes column, NIRS Executive Director Dan Doonan writes that as America ages and income inequality deepens, concerns about retirement security are mounting. Some voices, however, indicate that retirement concerns are exaggerated, relying on data indicating that older Baby Boomers have largely fared well in retirement. But new research published in The Journal of Retirement […]
Contrary to popular belief that Millennials and Generation Z employees are constantly switching jobs, new research from the National Institute on Retirement Security finds that younger workers today show job retention patterns that closely mirror previous generations at the same stage of their careers.