Confidence About Financial Security at Retirement: Perspectives of African Americans and White Americans

Confidence About Financial Security at Retirement thumbnailBy: Wilhelmina A. Leigh, Ph.D. and Melissa R. Wells

This fall 2012 poll from the Joint Center for Political and Economic Studies finds that, although more than half of both African Americans and white Americans are ‘very or somewhat’ confident that they will be financially secure during retirement, this financial security may not become reality. Nearly half of black Americans (46 percent) — and about a third of white Americans (36 percent) — say they would “like to save for retirement, but don’t seem to have enough money to do so.” The pervasive problem of financial insecurity at retirement will yield to our efforts against it only if it is challenged directly and in all actionable venues, most notably educational institutions and places of employment.

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