Center for Financial Security and Retirement & Disability Research Center
LCC Member Samuel L. Myers, Jr.
- Found large wealth disparities between older age persons in White households vs. Black households using the Health and Retirement Survey (HRS)
- Disparities widen with age and across the entire wealth distribution
- Wealth accumulation is slower for Black households
- Onset of Social Security Income is associated with a reduction in relative racial wealth disparities
- Results are mixed for Social Security Disability Insurance, which is tied to work history