racial wealth gap Archives

Who’s Missing out on Inheritances and Why?

A last will and testament document alongside a power of attorney form with a fountain pen and a notary stamp on a wooden surface.

Though many intend to leave bequests, Blacks and Hispanics often don’t formalize their plans and die intestate. Writing a will can make the plan a reality, reports Alicia H. Munnell of the Center for Retirement Research at Boston College. Via RetireSecure blog. …Read More

Policymakers Could Consider Using Tax and Transfer Policy to Reduce the Racial Retirement Wealth Gap

Illustration of two hands, each using fingers to resemble legs. One hand steps on a small stack of coins and the other on a tall stack, representing income inequality.

White households in the US hold significantly more retirement wealth than do Hispanics and Blacks, in part due to long-standing discrimination. Tax and transfer policy reforms could help reduce this wealth gap, explain Brakeyshia Samms and Carl Davis from the Institute on Taxation and Economic Policy, via RetireSecure blog.…Read More