Seth Boffeli

Recent Articles

Alarming ‘retirement racial divide’ could leave millions of Black elders at risk

AARP pushes for state retirement savings plan to bridge the gap
By Charles Hallman Staff Writer Are working-age Blacks and other people of color preparing themselves for retirement? A new study by the National Institute of Retirement Security (NIRS) claims a “racial divide” exists in establishing retirement savings. The nonprofit NIRS, based in Washington, D.C., released last month “Race and Retirement Insecurity in the United States.” In a press release, report author and NIRS Research Manager Nari Rhee said, “I’m alarmed by the severity of the retirement racial divide. It’s well documented that regardless of race, the typical working-age American household is far off-track toward accumulating sufficient savings to meet their basic needs in retirement. “We find an even worse situation for Blacks, Latinos and Asians,” continued Rhee. Continue Reading →

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