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.
According to a 2015 Government Accountability Office (GAO) study, people between the ages of 55 and 64 with any retirement savings had a median amount of $104,000 in their nest eggs. For households with members between 65 to 74, the median value in retirement savings was $148,000. These figures are equivalent to an inflation-protected annuity of $310 and $649 per month, respectively. These numbers are far below suggested minimums required for maintaining a comfortable lifestyle.