Media clips

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• ‘Save early and save often’ is great advice, and here’s what to do if you got a late start

  Ironically, the most common retirement savings account, the 401(k) plan, is not delivering adequate savings, according to the Economic Policy Institute. Americans ages 56 to 61 had a median 401(k) balance of just $21,000 in 2016, the institute found, using Survey of Consumer Finance data.

  MSN Money September 30, 2020
• What the Richest 1% Pay in Taxes in Your State

  And that’s just the federal share of taxes. To find the total tax burden on the top 1%, GOBankingRates analyzed 2019 data from the Tax Foundation on federal and state income tax rates for single filers and married couples filing jointly. The average annual income of the top 1% was sourced from the Economic Policy Institute.

  GO Banking Rates September 30, 2020
• COVID-19 threatens to wipe out decades of progress for U.S. women

  “We just cannot get out of this — the hole that we’re in — in any reasonable way, without doing huge scarring, without a much stronger care infrastructure,” said Heidi Shierholz, senior economist at the Economic Policy Institute.

  Bloomberg News September 30, 2020
• Latinos ‘critical to a Biden win’ in Nevada

  Nevada was the state with the highest Hispanic unemployment rate for the second quarter at about 30 percent, up from about 5 percent last quarter, according to a report by the Economic Policy Institute.

  Nevada Current September 30, 2020
• HOW IS LABOR FARING?

  According to the Economic Policy Institute, 6.2 million workers lost employer-sponsored health insurance between February and July 2020, while 12 million people (including spouses and dependents) lost coverage.

  UAW September 30, 2020
• KIDK-Idaho

  Heidi is interviewed about essential workers.

  KIDK September 30, 2020
• VERIFY: Fact-checking the first presidential debate

  CLAIM: Vice President Biden claimed 10 million people lost health insurance because of the recession.

  That is mostly true. According to a report from the Economic Policy Institute, 12 million Americans may have lost health insurance since February. That is based on the fact that most U.S. workers rely on an employer for insurance. When the COVID-19 crisis hit, millions of people lost their jobs. But the Economic Policy Institute has not calculated yet how many of those laid off workers were able to get on public assistance. So while millions lost employer provided insurance, some may have been able to find coverage from another source. Final numbers on how many people lost health insurance completely will not be available until next year.

  Source:

  Economic Policy Institute

  WTHR September 30, 2020
• How Trump and Biden tax policies could affect your paycheck, tax return, investment portfolio and nest egg

  Biden wants the 12.4% Social Security tax to kick back in for incomes above $400,000. The move takes square aim at the country’s highest earners. For example, the average salary for a CEO at the 350 largest publicly-traded companies was $1.325 million (as part of a $21.28 million projected pay package), according to the left-leaning Economic Policy Institute (link).

  MarketWatch September 30, 2020
• White Wisconsinites must reckon with the deep racial inequities in our state

  Nationally, Black Americans’ share of Covid-19 deaths is nearly double their share of the U.S. population. They are also more likely to have preexisting health conditions, such as diabetes, hypertension, asthma, and diabetes, which are associated with greater risk of death from the coronavirus. And Black Americans are 60% more likely to be uninsured than white Americans. Even by these low standards, Wisconsin has a worse than average outcome for Black residents: Black Wisconsinites have accounted for 18% of Wisconsin’s coronavirus deaths.

  Wisconsin Watch September 30, 2020
• Barrett on the bench: Bad news for workers

  “Ginsburg understood this and the history” of worker-boss imbalance, as she wrote in a recent dissent, Economic Policy Institute co-founder Larry Mishel wrote.

  People’s World September 30, 2020