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Wealth Gap Widens: COVID-19 Has Exacerbated Economic Inequality in the U.S., According to New TIAA Survey

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NEW YORK, April 15, 2021 /PRNewswire/ More than half of U.S. adults consider their household finances to have changed significantly due to the COVID-19 pandemic, according to a new survey by TIAA. Nearly one third of all Americans (29%) say they are worse off and approximately one quarter (24%) report that they are better off financially.
Notably, 37% of households making less than $50,000 per year describe themselves as worse off because of the pandemic. In stark contrast, only 15% of households making more than $100,000 a year describe themselves as worse off.
Survey suggests the pandemic s deceleration holds different promises for those who consider themselves better or worse off ....

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As COVID worries continue, employers shouldn't forget the student debt crisis

Employees are more likely to remain with their current employer if they offer a student loan benefit. ....

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