For today’s working adults, retirement is more likely to be based on the safety-net level of benefits from Social Security, supplemented with personal savings and investment.
The catch is, however, that too many African-Americans are saving too little for retirement. The fact that 70 percent of African-American workers had saved less than $25,000 for retirement, according to a 2007 survey by the Employment Benefit Research Institute, suggests there will be little "gold" in our golden years.
Read more at The Florida Courier, The Washington Informer, and The Madison Times.
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