Filed Under:Markets, Diversity Market

Study: Retirement Plans of African-Americans and Hispanics Hit Hard During Tough Economy

Photo credit: Ambro
Photo credit: Ambro

Continued economic uncertainty has led all workers to dip into their retirement savings, but minorities have been the hardest hit, according to a new study.

Ariel Education Initiative, a nonprofit affiliate of Ariel Investments and Aon Hewitt, the global human resources business of Aon Corporation (NYSE: AON), Chicago, published this finding in a summary of results from a study that compares the retirement savings of African-American and Hispanic employees with their Asian and white counterparts. The Joint Center on Political and Economic Studies and The Raben Group also collaborated on the The Ariel/Aon Hewitt study, “401(k) Plans in Living Color II,” which examines the defined contribution plans of 60 large U.S. organizations, representing 2.4 million employees.

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Nichole Morford

Nichole Morford
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