Median savings in retirement accounts of households age 26–79*, by race/ethnicity, 1989–2010 (2010 dollars)
| Year | White, non-Hispanic | Black | Hispanic |
|---|---|---|---|
| 1989 | $20,240 | $10,120 | $7,253 |
| 1992 | $22,741 | $8,338 | $9,854 |
| 1995 | $25,636 | $11,331 | $16,996 |
| 1998 | $34,681 | $14,673 | $14,673 |
| 2001 | $42,888 | $11,028 | $10,710 |
| 2004 | $47,176 | $17,260 | $16,109 |
| 2007 | $53,432 | $26,192 | $17,811 |
| 2010 | $53,000 | $19,000 | $19,000 |
*Median balances are for households with positive savings in these accounts.
Note: Retirement account savings include savings in 401(k) and other defined-contribution plans, IRAs (including employer-sponsored SEP IRAs and SIMPLE IRAs) and Keogh plans for small businesses. In this figure, “black” and “Hispanic” are not mutually exclusive categories, so a black person of Hispanic origin will be included in both categories.
Source: Authors' analysis of Survey of Consumer Finance microdata
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