Figure 11
Racial and ethnic gaps are large even among families with retirement savings: Median savings for families age 32–61 with retirement account savings by race, 1989–2019 (2019 dollars)
| Year | Hispanic | Black | White non-Hispanic |
|---|---|---|---|
| 1989 | $9,945 | $15,912 | $27,845 |
| 1992 | $12,514 | $14,302 | $30,391 |
| 1995 | $20,032 | $16,693 | $33,386 |
| 1998 | $22,019 | $22,019 | $47,184 |
| 2001 | $20,219 | $14,442 | $59,214 |
| 2004 | $23,047 | $24,402 | $64,802 |
| 2007 | $30,243 | $35,798 | $76,533 |
| 2010 | $29,456 | $25,921 | $68,963 |
| 2013 | $24,160 | $24,160 | $80,166 |
| 2016 | $24,462 | $31,056 | $84,554 |
| 2019 | $38,000 | $40,000 | $83,000 |
Note: Retirement account savings include funds in 401(k)-style defined contribution plans and in IRAs. Scale changed for visibility.
Source: EPI analysis of Survey of Consumer Finance data, 2019.
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