Diversity and inclusion initiatives should do more than just set employees up for success in their current position. It should set them up for success in the future, too.
The majority of BIPOC workers — 52% Black, 56% Hispanic and 62% Asian — worry they won’t have enough money saved for retirement, according to the 2021 Retirement Risk Readiness Study conducted by financial services company Allianz. While this is comparable to the 56% of white workers who are also worried about adequate savings, 46% of those employees are receiving professional help with their finances. In contract, just 38% of Black respondents, 44% of Hispanic respondents and 36% of Asian respondents are working with an adviser.
