For many Black Americans, even high-paying jobs aren’t enough to close the retirement savings gap with non-Black counterparts, a new study from the Employee Benefit Research Institute found.
The study, based on the institute’s annual retirement confidence survey, oversampled Black Americans this year to take a closer look at the challenges they face as they prepare for retirement. In total, researchers surveyed 520 Black workers and 481 Black retirees. Their findings reflect what some advisers describe as a “hangover” from historical and systemic barriers.
