Study: Blacks, Whites in Education Equally Likely to Anticipate Stable Retirement - Higher Education: Among U.S. workers, nearly 90 percent of Americans employed in K-12 and higher education actively save for their retirement compared to 59 percent of all American workers. In “Retirement Confidence in the Education Sector: Comparisons by Race,” a collaboration between the Joint Center for Political and Economic Studies and the TIAA-CREF Institute, the report presents both similarities and disparities in how Black and White education workers fare with planning and managing their retirement savings.
Among education sector employees, 87 percent of African-Americans and 88 percent of Whites save for their retirement. In addition, the report discloses that nearly 80 percent of the respective groups are confident they are investing their savings properly and close to 70 percent of the groups are confident they will have enough money to live comfortably during retirement. A majority in each group say that they are confident they will not outlive their savings and approximately half have calculated how much they actually need to save to achieve this goal, according to the report.
