There's a Big Wealth Gap Between Union And Nonunion Workers
There's a massive wealth gap between workers in unions and nonunionized workers, across education levels, finds a new analysis from the liberal think tank Center for American Progress shared first with Axios.
College is still one of the best paths to accumulating wealth, this and other data show. But CAP's numbers point to an alternative for those who might not want to spend the time or money on a college education: union membership.
Aside from higher pay, union members have more job security.
Members are also likely to have defined benefit retirement plans, i.e. pensions, and access to better health care — so are less apt to go into debt when they're sick.
