01.29.24

With Fewer Investable Assets, Minorities Fall Behind in Retirement Savings

by: Remy Samuels

While the majority of Americans in a new survey from the TIAA Institute reported having some retirement savings, retirement preparedness for Black Americans, Native Americans and Hispanic Americans remains underwhelming. TIAA’s report revealed that 76% of White households surveyed have at least some retirement funds in a 401(k), individual retirement account, Roth IRA or pension fund, whereas only 52% of Hispanic households, 49% of Black households and 43% of Native American households have money in such accounts.

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