In terms of their retirement savings, Americans are a long way from true equality. A new government study shows that savings gaps across racial lines have remained stubborn — and in some cases have grown.
The Government Accountability Office (GAO), a watchdog agency that provides research to Congress, has submitted its report on older workers — defined as those aged 51 to 64 — and its results are troubling. From 2007 to 2019, white households’ median retirement savings were double that of all other races.
