Unions Continue to Build Wealth for All Americans
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Mar. 21, 2024 | ECONOMY | New data from the Federal Reserve’s Survey of Consumer Finances (SCF) highlight how important unions continue to be for increasing Americans’ wealth—the total value of what people own minus the value of all their debts. The data show that the median union household has significantly more wealth than the median nonunion household, and these large wealth differences hold across various demographic groups, including race and ethnicity as well as education levels. American Progress PHOTO/AP
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