Financial Friday Round-Up: May 31 – June 4, 2021
Welcome to the latest Financial Friday Round-Up, our weekly column filled with the best things for you to read, watch or listen to regarding finance around the web. Below you will find articles on the May jobs report, a story on Black Wall Street, a profile of 50 powerful women over 50, and more.
This week, Forbes partnered with Mika Brzezinski, founder of Know Your Value, a platform focused on empowering women and achieving gender equity in the workplace, to profile 50 powerful women over the age of 50. Check out this list for profiles of women as varied as Walgreens CEO Rosalind Brewer and Vice President Kamala Harris.
Forget Something? Americans Have Left More Than $1 Trillion Sitting in Old 401(k)s, a New Study Finds.
Money published this surprising report this week that approximately $1.35 trillion is sitting in forgotten 401(k)s, with an average of about $55,000 per account. As changing jobs becomes the norm, more and more Americans are forgetting to roll over their contributions before switching positions. Check out this piece for more information.
At the beginning of the 20th century, a thriving Black neighborhood in North Tulsa was known as “Black Wall Street” for its financial success. This month is the 100th anniversary of the burning of the neighborhood by a mob, dashing any dreams of prosperity for the residents of Black Wall Street. Listen to this episode of Planet Money for more on the story.
Good news from the jobs front as unemployment fell in May and the labor market continues its recovery. Check out this report from Business Insider for more information.