On the recordJuly 27, 2021
Unfortunately, this cash out problem hits African Americans particularly hard because they are 62 percent more likely to cash out over time.
Source
congress.govEditor's note · Context
Tim Scott highlights the disproportionate impact of cashing out retirement accounts on African Americans.
Share
More from Tim Scott
May 27, 2026
I was proud to author Opportunity Zones as part of the Tax Cuts and Jobs Act—an innovative tool that empowers states to identify economically distressed communities and connect them with a powerful incentive to drive private investment…
May 26, 2025
Alabama is a Republican stronghold, so the NRSC is confident voters will elect another Republican to continue representing them and championing President Trump’s agenda.
May 27, 2026
The issue of housing is not a Republican issue or a Democrat issue, it’s an issue about helping moms like the ones that raised me, the amazing woman that she was, become a homeowner.
Other voices in this conversation
