The African American Retirement Planning Gap Hot Topics
Posted by in Hot Topics 878

The African American Retirement Planning Gap

There’s a saying: When White America catches a cold, Black America catches pneumonia. So, if there is an impending retirement crisis in America, what does that mean for African Americans? The answer to that question is discouraging.

There is a huge gap in retirement preparation of African Americans compared to White Americans, generally speaking. According to the Urban Institute’s Nine charts about wealth inequality in America:

The average White family had more than $130,000 in liquid retirement savings (cash in accounts such as 401(k)s,

403(b)s and IRAs) vs. $19,000 for the average African American in 2013, the most recent data available (continue reading).

About author

Related posts

Stop Hating: There’s Enough Money Out Here for Everybody Hot Topics

Stop Hating: There's Enough Money Out Here for Everybody

We can talk about the black community coming together and unifying all day long, but if your actions are not aligning with what you speak, what does that make you? A hater? "We can get so much better if we stuck together." - NeNe Leakes. Apparently there's a lot of talk going around about...

Successful B2B Outreach Tips Using Email Marketing Hot Topics

Successful B2B Outreach Tips Using Email Marketing

Working in sales, and generating leads for businesses for many years has given me the opportunity to learn first hand how most all companies, big and small, build their client base, and make money. Substantial amounts of money. Whether it be through telemarketing (making cold calls), going...

Black Leaders Missing From Legal Marijuana Business Hot Topics

Black Leaders Missing From Legal Marijuana Business

“This is a brand-new industry where 50 years of experience didn’t come into play and your granddaddy didn’t hand it down to you,” says Darryl Hill, whose application to operate a medical marijuana businesses were not selected. “But this idea of sharing the largesse didn’t really...