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Showing posts with label African American Retirement. Show all posts
Showing posts with label African American Retirement. Show all posts

May 22, 2013

African-Americans Retiring Early With Lower Savings

  The new retirement age is getting younger for many Americans who can least afford to retire.

A new study released Tuesday by Prudential finds African-Americans retire earlier than the general population on average, despite significantly lower retirement savings.

About 25 percent of African-Americans surveyed expect to retire before age 60, compared to 20 percent of the general population. Among current retirees, the average retirement age for African-Americans is 56, according to the study, three years younger than the general population.

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