Tag: 401k

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Financial advisers and retirement experts say the best advice they can give workers to prepare for old age is to save, save, save. But two young researchers might argue this advice isn’t sensitive to the hurdles that Black and Hispanic workers face when they try to save. At a recent panel discussion, the researchers presented…

Moving boxes and furniture in front of yellow house

When children grow up and become financially independent, how do parents adjust their finances? Are they finally spending money on themselves? Saving more for retirement? Paying down debt? No one has come up with a convincing answer yet. Especially puzzling is that past research has shown that parents seem to reduce their consumption after t…