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Retirement Readiness May Be at Risk for People of Color
Allianz Life Insurance Company of North America 
Sept. 9, 2020 "More than half (52%) of POC say they believe they have plenty of time to save for retirement. Less than half (46%) say they have made progress with setting long-term financial goals. Less than one-third (32%) of POC are currently working with a financial professional.... [L]ess than half of POC respondents report ownership of investments and accounts that can help with retirement security. This includes participation in employee sponsored plans (48%) and ownership of accounts including life insurance (33%), IRAs (21%) and fixed or variable annuities (5%)." |
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