Measuring Racial/Ethnic Retirement Wealth Inequality

TitleMeasuring Racial/Ethnic Retirement Wealth Inequality
Publication TypeReport
Year of Publication2020
AuthorsHou, W, Sanzenbacher, GT
Series TitleWorking Papers
Document NumberWP#2020-2
InstitutionCenter for Retirement Research at Boston College
Keywordsrace-ethnicity, Wealth Inequality

As the U.S. population becomes more diverse, it will be increasingly important for policymakers addressing Social Security’s solvency to understand how reliant various racial and ethnic groups will be on the program versus other sources of retirement wealth. Yet, to date, studies on retirement wealth have tended not to focus on race and ethnicity, have largely ignored the role of Social Security, or have excluded the most recent cohort approaching retirement – the Late Boomers. This project uses data from the Health and Retirement Study (HRS) to document the retirement resources of white, black, and Hispanic households at various points in the wealth distribution for five HRS cohorts of 51-56 year olds between 1992 and 2016.

Citation Key10554