Because corporations have been returning more of their profits over to shareholders and less to workers, especially over the past 30 years, according to authoritative recent research. The implication is that investors' gains have come at the expense of workers, who own little stock.
Every summer, I try to spend a weekend with two old friends. We used to talk about our spouses and children. Now we talk most about retirement and money.
Retirement Clearinghouse, creator of a technology by which small abandoned 401(k) accounts would automatically follow their owners to their next plan, has received the permissions it needed to begin marketing its service to large recordkeepers like Fidelity, Vanguard and others.
Four recent research papers that we think will interest you are summarized here. Topics include the dominance of shareholder voting by Vanguard, BlackRock and SSgA, the limits of stock-picking skills, a new way to design group variable income annuities, and a refutation of the idea that welfare reform devastated a lot of Americans.
Innovator “Buffer ETFs” now trade on the Cboe; Don’t fund Medicare-for-all with tax on savers: ARA; Lincoln Financial provides data on the cost of assisted living and long-term care services; JPMorgan, Urban League, aim to boost financial wellness of African-Americans.