Dossier
automatic Individual Retirement Accounts (auto-IRAs)
Coverage of automatic Individual Retirement Accounts (auto-IRAs) in the Nexus archive.
- 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.