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Wyclef Jean's new single "Paper Right" aims to raise awareness of America's retirement crisis

Wyclef Jean has teamed up with insurance giant TIAA for his new single "Paper Right" to raise awareness of America's retirement crisis.

Jean debuted the track, which features Pusha T, Lola Brooke, Capella Grey, and Flau’jae, on "The Tonight Show" on Thursday.

The song is part of the TIAA's (The Teachers Insurance and Annuity Association of America) ongoing "#RetireInequality" outreach program.

According to the TIAA, 54% of black Americans don’t have enough savings to retire "due to a system of inequities."

In addition, "41% of young adults between 24-35 aren’t taking full advantage of employer-sponsored plans," according to the TIAA.

"Music possesses an extraordinary ability to elevate awareness, inspire, and drive conversation among key audiences – including younger generations," said TIAA Chief Brand Officer Zara Mirza, according to PR Newswire. "While retirement may feel far away for younger Americans, the reality is that having these conversations now can help them achieve a financially secure future."

Mirza added: "The goal is for 'Paper Right' to have real impact and spark thought among those starting in their careers to consider their financial future and retirement."

Speaking about the track, Jean told the TIAA: I approached this song wanting to make people feel good and dance on the floor while delivering the message that we can celebrate saving money and building wealth just as hard as we celebrate spending it."

“We need to educate ourselves from young to old on how money works, how to really make building generational wealth a reality for everyone in our communities, retire comfortably, and break economic cycles moving forward," the former Fugees star added.

Proceeds from “Paper Right” will be donated to First Generation Investors, a non-profit organization “dedicated to educating underserved high school students with empowering tools and knowledge from the world of finance.”


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