Tag: racial inequality
Abstract Housing wealth is an important resource for economic security in retirement. Yet, Black households approaching retirement have only a fraction of the housing wealth held by White households. One reason is that Black households are less likely to own homes in the first place. A second reason, which is the focus of this paper,…
The brief’s key findings are: Student debt among retirees is not currently large, but their debt-holding and delinquency rates have been rising rapidly. Retirees with delinquent loans can have part of their Social Security benefits withheld to pay the loans. Black households are more likely to hold student debt and to have delinquent loans. The study finds…
