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The Nexus
BUSINESSJun 3 · 07:15 UTCOHIO CAPITAL JOURNALKevin Hardy

Racial wealth gap widens as many workers of color lack retirement savings

The racial wealth gap in the U.S. widened between 2019 and 2022, with white families holding significantly more wealth than Black and Hispanic families. Retirement savings disparities drive this gap, prompting states like Minnesota to launch automatic IRA programs to help workers without employer-sponsored plans.

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Mentioned
The Pew Charitable TrustsorganizationU.S. Census BureauorganizationGeorgetown University Center for Retirement InitiativesorganizationMinnesotaplaceHawaiiplaceWashington stateplaceJohn Scottpersonracial wealth gaptopicautomatic Individual Retirement Accounts (auto-IRAs)topic
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