Summary
It has been over half a decade since the beginning of the Great Recession. During the first few years, the U.S. economy lost an estimated eight million jobs. Although the economy has been slowly and steadily improving, there are many who are still in great financial stress. In today’s economy, some employees live paycheck to paycheck and are unable to save for a rainy day, let alone retirement. However, an increasingly utilized business model may yield part of the solution. Employee Stock Ownership Plans (ESOPs) are a promising alternative to traditional business models.
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