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African American and Latino households hardest hit by decline in retirement savings
Race and Retirement Insecurity in the United States serves as a companion to National Institute on Retirement Security July 2013 study, The Retirement Savings Crisis: Is It Worse Than We Think?, which documented a significant retirement savings gap among working-age households in the United States.
This research is based on an analysis of data from the U.S. Bureau of Labor Statistics and the U.S. Federal Reserve and analyzes data for whites, people of color and, where data permits – African Americans, Latinos, and Asians.
The full report is available at http://www.nirsonline.org.
About the National Institute on Retirement Security: The National Institute on Retirement Security is a non-profit organization established to contribute to informed policy-making by fostering a deep understanding of the value of retirement security to employees, employers, and the economy through national research and education programs.
Located in Washington, D.C., the institute has a diverse membership of organizations that are interested in retirement, including financial services firms, employee benefit plans, trade associations, and other retirement service providers.
Source: The National Institute on Retirement Security
