March 3, 2016
The Washington Post published an article yesterday that shows a concerning retirement savings gap between white, black and Hispanic workers.
The average white household had $125,000 saved in retirement accounts as of 2013, while the average black household had just $26,500 saved, according data from the Economic Policy Institute. Hispanics had only $17,000 in savings. This savings gap has widened in recent years, in part because white Americans’ savings have recovered more quickly after the financial crisis in 2008 than other racial groups.