Figure 28
Retirement account savings of households age 26–79 as a percent of income, by race/ethnicity, 1989–2010
| Year | White, non-Hispanic | Black | Hispanic |
|---|---|---|---|
| 1989 | 37% | 16% | 17% |
| 1992 | 49% | 19% | 14% |
| 1995 | 62% | 28% | 40% |
| 1998 | 74% | 39% | 31% |
| 2001 | 86% | 34% | 33% |
| 2004 | 95% | 49% | 25% |
| 2007 | 101% | 54% | 42% |
| 2010 | 123% | 41% | 35% |
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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