Families of color were already trailing their White peers in retirement savings. Then the coronavirus pandemic hit, adding a further hurdle to retirement planning for minorities in the U.S.
More than 60% of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54% of Black households and 48% of White households, according to the latest available data from the National Retirement Risk Index calculated by the Center for Retirement Research at Boston College. READ MORE AT CNBC
Comments