Economic Policy
Washington Informer Highlighted Joint Center Retirement Analysis
The Washington Informer highlighted the Joint Center’s policy brief “The Reality of Racial Economic Inequality for Black Retirees.”
From the article: “The Reality of Racial Economic Inequality for Black Retirees(opens in new tab)” a recent policy brief from the Joint Center for Political and Economic Studies, analyzes the harsh cyclical realities affecting multiple generations. ‘[B]lack Americans are more likely to experience retirement as financially fragile, with less choice and less protection against illness, disability, or rising costs,’ states the brief. ‘The cumulative effects of these inequalities have developed into a multi-generational cycle of low wealth for African Americans and ongoing racial wealth/ economic inequality.”
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Opening a Retirement Account Is Not Enough to Close the Black Retirement Divide