Racial Differences in Baby Boomers’ Retirement Expectations

Although recent evidence suggests baby boomers intend to work longer than previous generations, some demographic groups appear less likely to delay retirement. African-Americans expect to work less at older ages than other racial groups, even after considering differences in education, health, wealth, and other factors. Possible explanations include labor market discrimination, family care responsibilities, and cultural differences. African-American boomers risk jeopardizing their retirement security if they leave the labor force at relatively young ages.

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Source: Urban Institute

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