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Wealth inequality is far more severe than income inequality. The authors argue that it has consequences for economic security. The yardstick for measuring Americans' well-being is significantly different if it is adjusted for wealth.
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Defined contribution plans were supposed to revitalize private pensions and guarantee a comfortable retirement for many more Americans. But it has not turned out that way. This expert summarizes the disappointing state of affairs. Is anyone listening?
Persistent link: https://www.econbiz.de/10005752304
Assets in the United States are distributed even more unequally than income, though they can be vital to an individual's standard of living. The authors present a comprehensive assessment of the distribution of assets in the United States and calculate an asset poverty line below which an...
Persistent link: https://www.econbiz.de/10005752329