Mean household retirement account savings, 1989–2022 (2022$ thousands)
| Black | Hispanic | White non-Hispanic | |
|---|---|---|---|
| 1989 | $7 | $9 | $40 |
| 1992 | $10 | $6 | $45 |
| 1995 | $12 | $24 | $59 |
| 1998 | $20 | $18 | $79 |
| 2001 | $22 | $21 | $113 |
| 2004 | $30 | $16 | $120 |
| 2007 | $36 | $29 | $137 |
| 2010 | $23 | $24 | $149 |
| 2013 | $24 | $16 | $166 |
| 2016 | $31 | $35 | $190 |
| 2019 | $43 | $40 | $190 |
| 2022 | $38 | $35 | $228 |
Note: Amounts shown include defined contribution plans and IRAs. Amounts are averaged across households with and without retirement account savings.
Source: Author’s analysis of Federal Reserve Survey of Consumer Finances microdata, 1989–2022.