The growth of the womanâs movement, and its impact on the consciousness of African-American women in particular, helped fuel a âblack womenâs literary renaissanceâ of the 1970s, beginning in earnest with the publication of âThe Bluest Eyeâ (1970), by Toni Morrison.
Even if you started saving every month since your childâs birth and earned an annualized average return of 7 percent, you have to put away $215 each month for college savingsâand thatâs for only one child attending a public college.
Americansâ savings problems donât stop when it comes to retirement savings. The âChicago Tribuneâ reports the average 401(k) balance hovers around $74,600, as of 2012, while the average account for those over age 50 is about $130,000. A December 2011 report by âUSA Todayâ reveals that half of all U.S. retirees have less than $25,000 in savings of any kind.