In California, where more than 60% of the senior population is expected to be non-white by 2050, older minorities particularly face more financial risk than whites, according to the report by The Greenlining Institute in Berkeley, Calif., a research and advocacy center.
"The recent recession has made the racial wealth gap worse," says Orson Aguilar, Greenlining Institute executive director.
Among the state's single adults age 65 and older, 76% of Latinos and 69% of African Americans are unable to meet basic needs, compared with 44% of whites, says UCLA's Center for Health Policy Research and the Insight Center for Community Economic Development.
