Krissy Clark is the senior correspondent for Marketplace’s Wealth & Poverty Desk, where she helps make sense of some of the most fundamental shifts happening in the U.S. economy, including the growth of the low-wage service sector and the shrinking of middle-wage, middle-class jobs. Krissy tracks the widening gap between rich and poor in the U.S. and what it means for economic mobility in America.
Some of Krissy’s favorite stories involve getting people from different parts of the economy to talk to each other. She has prompted conversations between a Silicon Valley CEO and a worker whose job he wanted to automate, brought two economists who disagreed about the effects of raising the minimum wage to Taco Bell for a debate, and set up a virtual “confessional booth” for people to reveal their financial safety nets. Krissy’s reporting has taken her to abandoned factories in Flint, Michigan; the post-tornado ruins of Moore, Oklahoma; and the epicenter of the foreclosure crisis in Las Vegas, Nevada.
Before joining Marketplace, Krissy was the Los Angeles Bureau Chief for KQED public radio’s California Report. She has been a regular contributor to NPR’s Morning Edition and All Things Considered, BBC Radio, Freakonomics and StoryCorps.
Krissy’s stories and documentaries have won awards from Scripps-Howard, PRNDI, NFCB, an Investigative Reporters and Editors Medal of Honor, and First Prize in Investigative Reporting from the National Awards for Education Reporting. Krissy was a finalist for the Livingston Award for Journalists Under 35, and a finalist for a Third Coast Award for Best News Feature.
She is a frequent public speaker and has given talks at Google, Stanford University, the University of Kansas, Web 2.0, the Conference on World Affairs, and the Aspen Institute.
In 2009, Krissy won a Knight Journalism Fellowship at Stanford to spend a year experimenting with location-aware technologies as tools for storytelling. She is the founder of storieseverywhere.org, a location-based, trans-media storytelling project whose audio installations have been exhibited by The New Museum in NYC and San Francisco’s Gray Area Foundation for the Arts.
Krissy graduated cum laude from Yale University with a B.A. in The Humanities. She grew up in the San Francisco Bay Area and likes to read maps.
Features by Krissy Clark
Baby boomers facing retirement may be wishing they had come of age in a different era. According to a new Bankrate.com analysis, Americans reaching retirement age in this moment are facing the worst retirement climate in more than a generation.
The report is based on data from Morningstar and Research Affiliates and found: “Yields on stocks and bonds have declined so considerably that they've significantly weakened investments for people who are just about to retire." Plus, according to the report:
According to the report: "A $1 million portfolio of 60% stocks and 40% bonds is projected to run out of money in 25 years.” Meanwhile, “someone who retired in 1980 with that same 60/40 portfolio would have received an average annual return of 6.9% over 30 years.”
This is worrisome at an individual level for anyone who is a baby boomer (or a child of one, working on, just as an example, a … ummm ... public radio salary wondering how she would swing it if her mom needs her to fill in the gaps), but it’s also a concern at a societal level: The era of the 401(k) was founded on very different market realities than we are in now.