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wealth gap

Biden’s Social Security and SSI plan would lift 1.4 million out of poverty, study finds

[Yahoo! Finance] Joe Biden’s plans for Social Security and Supplemental Security Income would lift 1.4 million Americans out of poverty in its first year, a new analysis found, along with guaranteeing the payout of full benefits for another five years. The former vice president’s plan hinges on imposing the 6.2% Social Security […]

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The average American savings balance by age, household size, and education level

[Business Insider, Getty Images] The average American family has $40,000 in liquid savings, across savings and checking accounts, according to data from the Federal Reserve’s 2016 Survey of Consumer Finances. Many factors impact the amount the typical American actually has saved, including age, household size, education level, and even whether […]

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