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It's Much Harder for Black and Latino Workers to Retire, Study Finds
Black and Latino seniors have a tougher time during their retirement years than American seniors as a whole, according to a new University of California, Berkeley, report.
"Recent household surveys show that retirees of color, especially Blacks and Latinos, rely more heavily on Social Security and have less access to other types of retirement income than their white counterparts," researcher Nari Rhee of UC Berkeley's Center for Labor Research and Education said in a statement.
Rhee's report, "Black and Latino Retirement (In)Security," is based on data from the U.S. Bureau of Labor Statistics Current Population Survey and U.S. Census Bureau American Community Survey.
- Elder poverty rates are twice as high among Blacks and Latinos compared to the U.S. population as a whole: 19.4 percent of Black seniors and 19.0 percent of Latino seniors have incomes below the federal poverty line, compared to 9.4 percent for the senior population overall (see rightl).
PROGRESSIVE WIRE
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