Tag: minority

People waiting by a bus

The oldest minority retirees are struggling with debt, a new Urban Institute study finds. The researchers’ starting point is that people generally reduce their debt as they age. To prepare for retiring, older workers try to pay down their mortgage balances and pay off credit cards. Once retired, their debt continues to shrink. But on…

Above photo of keyboard calculator notebook clipboard pen piggyb

One thing really stood out in a recent study: the deterioration in Hispanics’ retirement prospects since the 2008-2009 recession. Workers’ success at saving for retirement is becoming increasingly important to their financial security in old age. This puts Hispanic households at a clear disadvantage: they earn half as much as white households, which makes it…