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"Because middle-class black families' wealth was disproportionately tied up in home ownership and not other forms of savings, these families were hit harder by the housing collapse.
Not noticing the deterioration in their wealth, they even substitute 401(k) accounts for other forms of savings, putting money in one pot while removing it from another.
The couple will owe "substantial amounts" in capital gains taxes, an adviser said, and are giving up the potentially higher returns from stocks for the safety but generally lower returns of holding their money in various forms of savings accounts.
Half-reformed, however, still leaves it an awful lot more cogent than policy towards other forms of savings for low-earners, where the recent record is one of outright chaos.
In fact, you can argue that good wages create employment". The fact that 50% of the population has no forms of savings or assets shows that low pay is not just a problem restricted to the unskilled sector, either.
New York Life is in the process of hiring 3,000 agents, as stock-wary investors have turned back to traditional forms of savings such as life insurance.
Similar(51)
But taking advantage of this crucial form of savings is about to get much harder.
The players, therefore, could construe their donation as a form of savings, an exotic version of a 401(k) plan.
Running surpluses allows the government to begin repaying the national debt, which is a form of savings.
Instead of sending us tax refund checks, allow us to ask for IOUs in the form of savings bonds instead.
The Climate Pro sales pitch is simple: the cost of the software will be repaid in the form of savings on the cost of fertilizer.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com