Tag: older workers

Photo of a Black family visiting their parents

The stark difference in Black and White workers’ wealth is old news. But now we have some fresh information about the wealth gap: it grows as people age and move through their retirement years. The most striking deterioration in Blacks’ relative standing can be seen in non-housing wealth. This mainly consists of 401(k)-style plans and…

Older women talking on a cell phone at a desk with fabric swatches

Larry Fink, in his annual letter to Blackrock investors, once again raised the question about the appropriate retirement age.  Certainly, with life expectancy and health improving – at least for a portion of the population – longer careers could be one way to ensure an adequate retirement.  But workers are just one side of t…