Tag: financial

A foreclosure sign

Homeowners nearing retirement have 40 percent of their wealth tied up in their homes. But to what extent do racial disparities in employment affect workers’ ability to hold on to a home and build up that wealth? This question is at the heart of an ambitious study of U.S. homeowners that digs into whether stab…

Illustration of a star

The more the Great Recession recedes in the rearview mirror, the clearer is the damage sustained by the workers born in the final years of the baby boom. These so-called late boomers were between 42- and 47-years-old when the recession hit. Their careers were just hitting their stride when they were slammed by the downturn…