The Hispanic Institute

Latino, Black Seniors Twice as Likely To Be in Poverty in Retirement

-- from The Huffington Post:

Black and Latino seniors in the U.S. are facing a tougher time in retirement: Elder poverty rates are twice as high among these groups compared to the U.S. population as a whole, according to a new study by the University of California, Berkeley.

Some 19.4 percent of black and 19.0 percent of Latino seniors have incomes below the federal poverty line, compared to 9.4 percent for the senior population overall, according to the analysis, which is based on data from the U.S. Bureau of Labor Statistics Current Population Survey and U.S. Census Bureau American Community Survey.

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