Figure 10
Most black and Hispanic families have no retirement account savings: Share of families age 32–61 with retirement account savings by race, 1989–2019
| Year | Hispanic | Black | White non-Hispanic |
|---|---|---|---|
| 1989 | 22.2% | 25.9% | 57.1% |
| 1992 | 26.0% | 30.8% | 56.7% |
| 1995 | 39.5% | 36.8% | 59.9% |
| 1998 | 28.6% | 44.2% | 64.9% |
| 2001 | 39.3% | 47.0% | 67.2% |
| 2004 | 32.7% | 38.5% | 65.6% |
| 2007 | 37.5% | 47.4% | 66.8% |
| 2010 | 31.3% | 38.9% | 65.2% |
| 2013 | 26.2% | 41.4% | 65.3% |
| 2016 | 34.5% | 40.6% | 67.9% |
| 2019 | 31.5% | 43.6% | 64.5% |
Note: Retirement account savings include funds in 401(k)-style defined contribution plans and in IRAs.
Source: EPI analysis of Survey of Consumer Finance data, 2019.
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