Talking Points

Consequences of Climate Change

The Government Accountability Office has recommended that the executive director of the Federal Retirement Thrift Investment Board evaluate the Federal Thrift Savings Plan’s investment offerings in light of risks related to climate change. “Climate change is expected to affect financial markets over time,” the GAO noted.

A Tale of Two Economies

Workers at employee-owned S corporations reported being on significantly more stable financial ground than did other U.S. workers. During the COVID-19 emergency, ESOP employees experienced dramatically less financial adversity. They have had more stable jobs and better housing security and retirement savings than have their non-ESOP counterparts.

Source: John Zogby Strategies, Employee Financial Health and Sentiments Amid the Pandemic