Why Black Health is Wealth: Financial Experts Talk Black Retirement
By Megan Kirk The ever-growing racial wealth gap leaves little room for savings. As African Americans earn roughly 30 percent less than their white counterparts, putting away money for a rainy day can prove to be difficult. As African Americans age, financial stability becomes a major concern. Planning for the golden years is essential to survival of older generations, yet African Americans are falling behind. According to a 2021 study from Investopedia, more than half of African American households have no retirement savings at all. On average, white Americans
Beware of these financial myths about retirement
by Krista WignallFor New Pittsburgh Courier Many people look forward to retirement and all the enjoyment it can bring after having worked so hard for decades. But from a distance, whether a few years or many years away from retirement, it’s not easy to clearly see what retirement will look like. It’s a bit misty, because, after all, there is a lot of uncertainty about the future, and how much money someone will need during retirement and have on hand is subject to numerous variables. But in the process