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.
The Congressional Research Service reported in 2007 that the median value of all accounts for those age 65 or older was $60,800 (not including home equity). In 2009, the Employee Benefit Research Institute updated that number to include that the average retirement savings was $56,212 for those aged 65 to 75.