Racial Wealth Gap: Retirement Planning

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1 Social Security is a great equalizer. Center for Retirement Research at Boston College. January 2020. Issue 20-2. https://crr.bc.edu/wp-content/uploads/2020/01/IB_20-2.pdf

2 Concentration of wealth and income in the SCF: 1989-2019. Federal Reserve. September 28, 2020. https://www.federalreserve.gov/econres/notes/feds-notes/wealth-and-income-concentration-in-the-scf-20200928.htm

3 Distribution of household wealth in the United States since 1989. Federal Reserve. Distribution of household wealth in the United States since 1989 https://www.federalreserve.gov/releases/z1/dataviz/dfa/distribute/chart/

4 Racial disparities in income and poverty remain largely unchanged amid strong income growth in 2019. Economic Policy Institute. September 16, 2020. https://www.epi.org/blog/racial-disparities-in-income-and-poverty-remain-largely-unchanged-amid-strong-income-growth-in-2019/

5 Social Security lifts more Americans above poverty than any other program. Center on Budget and Policy Priorities. February 20, 2020. https://www.cbpp.org/research/social-security/social-security-lifts-more-americans-above-poverty-than-any-other-program#_ftnref4

6 Edelman Trust Barometer 2020. Edelmann. 2020. https://www.edelman.com/trustbarometer

7 The State of American Retirement Savings. Economic Policy Institute, December 10, 2019. https://www.epi.org/publication/the-state-of-american-retirement-savings/

8 How much to save for a secure retirement. Center for Retirement Research at Boston College https://crr.bc.edu/wp-content/uploads/2011/11/IB_11-13-508.pdf

9 Financial literacy and well-being among African Americans. Global Center of Excellence in Financial Literacy. 2019. https://gflec.org/initiatives/financial-literacy-and-wellness-among-african-americans/

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