Tag: retirement gap
A forthcoming study by two of my colleagues, Wenliang Hou and Geoff Sanzenbacher, looks at retirement wealth by race. They defined wealth broadly to include assets in retirement plans (including defined benefit plans), non-retirement plan assets, housing wealth, and Social Security benefits. They used data from the Health and Retirement Study, a biannual survey that…
The brief’s key findings are: The earnings and wealth gaps between whites and minorities are enormous. The question is how these disparities translate to retirement preparedness. In 2016, the share of whites at risk in retirement was 48 percent vs. 54 percent for blacks and 61 percent for Hispanics, smaller than the earnings/wealth disparities. T…