The video presented by Dale Hall from the Society of Actuaries Research Institute discusses the disparities in retirement wealth across different racial and ethnic groups in the U.S. The key findings show that retirement savings are unequally distributed, with Hispanic/Latino and Black or African American households having significantly less retirement wealth compared to Asian American and white households. The analysis highlights that these disparities are influenced by factors such as income volatility, financial support of other households, health, incarceration experience, and perceived discrimination. The report emphasizes the importance of access to retirement plans and the varying contribution rates among different racial and ethnic groups. For more detailed information, viewers are encouraged to read the full report on the SOA website.
Link is here: https://www.soa.org/resources/research-reports/2024/disparities-retirement-preparedness/
Contributors: R. Dale Hall, FSA, MAAA, CFA, CERA; Rose Northon, Lisa Schilling, FSA, EA, FCA, MAAA; Jon Forster ASA, MAAA ; Faith Wilson, FSA, CERA