money market

AA Age 50+-Did you know
Recent research shows that most African Americans/blacks age 50-plus use financial products, such as checking accounts and savings accounts. But only 1 in 10 use retirement planning products, such as a  401(k) plan or individual retirement account (IRA). Millions of Americans haven’t saved any money for their golden years, and millions of others haven’t saved nearly enough. According to the Federal Reserve, the median balance of retirement accounts totals less than $60,000, and many African Americans/blacks have saved even less.
close-up pen on the money
After years of debate, the Securities and Exchange Commission this week finally  adopted new rules designed to shore up the stability of the $2.6 trillion money market  industry. The question now is, will it help?
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