Few have that level of savings built up. The most current research from the Economic Policy Institute shows that for a family with a head of house age 44-49, median retirement account savings totaled only $13,000. According to research cited by CNBC in 2019, the annual cost of living in retirement exceeds $50,000 in all 50 states.
Nasdaq
August 20, 2020
In the U.S., education doesn’t always result in higher wages for all workers. According to the Economic Policy Institute, Black workers, for example, face significant and growing wage gaps, with Black men paid only 71 cents and Black women just 64 cents for every $1 White men earn. These gaps are found at every job level, from low wage to high wage, but are highest in top-paid fields because of lack of representation of Black workers in those professions. The gaps also persist across all levels of education: Black workers who have high school, college, and advanced degrees earn just 81.7%, 77.5%, and 82.4%, respectively, of what White workers with the same degree earn.1 And the unemployment rate of Black workers who have a bachelor’s degree is similar to that of White workers without a college education.2
Investopedia
August 20, 2020
Rothstein, a distinguished fellow of the Economic Policy Institute, spoke during the National Association of REALTORS® Leadership Summit in a session titled “Shoring Up Our House: Addressing Historical and Current Issues of Racism, Bias, and Intolerance.”
Realtor Magazine
August 20, 2020
Average CEO compensation at the top 350 U.S. firms grew 14% to $21.3 million on average, according to an analysis from the Economic Policy Institute (EPI), a think tank based in Washington, D.C.
Industry Week
August 20, 2020
Heidi Shierholz, senior economist and policy director with the Economic Policy Institute, a liberal-leaning think tank, said she considers the extra $300 a distraction and a poor substitute for a more comprehensive solution. Unlike the extra $600 in weekly benefits, it is unclear how many states or how many unemployed people will receive the lesser amount, she said.
“People are going to have to cut back,” Shierholz said. “People’s living standards will drop. Evictions will happen. Hunger will happen. This will create a lot of deeply unnecessary suffering.”
The Baltimore Sun
August 20, 2020
Now is still a good time to raise the minimum wage: As cities and states reopen their economies, the central challenge for businesses and economic policymakers will be restoring consumer demand and making regular economic activity safe in the face of continued legitimate concern over the virus. From a general macroeconomic perspective, raising the minimum wage in a period of depressed consumer demand is smart policy. [Economic Policy Institute]
Oklahoma Policy Institute
August 20, 2020
While these graphs may imply that those in the top quintiles disproportionately benefit from the new Department of Labor Guidance on 401(k) PE access, it’s important to remember that many in the top quintile already have access to private equity since they qualify as “accredited investors.” To be an accredited investor, one must either have net assets of at least $2.5 million, or a gross income for each of the last two financial years of at least $250,000. According to the Economic Policy Institute using data from the Social Security Administration, the top 5 percent of earners make $309,348 annually as of 2018.
The National Review
August 20, 2020
En concreto la comunidad latina es víctima de unos efectos que se califican como “devastadores” por parte de los economistas del Economic Policy Institute (EPI).
El Diario
August 20, 2020
In 2018, a median Hispanic household earned 73 cents for every dollar a median white household earned, according to the Economic Policy Institute. A median Black household earned just 59 cents for every dollar a median white household earned.
KSAT-San Antonio
August 20, 2020
The pay gap between top corporate executives and workers is staggering – in 2019, CEO realized pay increased 14% from 2018 to an average of $21.3 million, a new study by the Economic Policy Institute (EPI) shows.
CNBC
August 20, 2020