Retirement Savings Behavior and Expectations of African Americans: 1998 and 2009

Among pre-retirees, confidence about having enough money to live comfortably throughout retirement typically reflects the state of one’s current savings behavior, known savings vehicles and expected major sources of retirement income. African Americans and whites have differing assessments of their own retirement security, and their differing views suggest that the recent economic downturn may have constrained African Americans’ ability to save for retirement to a greater degree than it has for whites. This brief provides details about differences between the two groups in retirement saving and expectations in both 1998 and 2009.


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Friday, January 1, 2010