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May 17, 2026

Today in 1920
The first Labor bank opens in Washington, D.C., launched by officers of the Machinists. The Locomotive Engineers opened a bank in Cleveland later that year.

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Unions Continue to Build Wealth for All Americans
Posted On: Mar 21, 2024
Mar. 21, 2024 | ECONOMY | New data from the Federal Reserve’s Survey of Consumer Finances (SCF) highlight how important unions continue to be for increasing Americans’ wealth—the total value of what people own minus the value of all their debts. The data show that the median union household has significantly more wealth than the median nonunion household, and these large wealth differences hold across various demographic groups, including race and ethnicity as well as education levels. American Progress   PHOTO/AP
 
 
Teamsters Local 355
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