Wealth and Health Disparities
The Retirement Crisis Facing Black Americans
|
December 11, 2020
Long-standing income and wealth disparities along with low savings rates have endangered retirement readiness for millions of elderly Black Americans, who still haven't recovered from the devastating impact of the 2008 housing crash. The coronavirus pandemic has worsened an already bleak outlook.
Hello, I'm
Rodney Brooks
An award-winning journalist, writer and author and my specialty is retirement planning and other personal finance issues. I have written for many national publications, including USA TODAY, The Washington Post, U.S. News & World Report, AARP and National Geographic. I am available to speak on personal finance, financial literacy and the racial wealth gap.
Learn More About Rodney
Sign Up For My Newsletter!
Subscribe for the latest news and features
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
The author tells the history of the Freedman’s Savings Bank, how it grew much too quickly, why it failed and the impact on Black America. The Freedman’s Bank offered a safe depository for formerly enslaved people, expanded quickly and gained millions in deposits – mostly ranging from $5 to $50. But inexperience and corruption doomed it to failure, costing may of the small depositors their savings.
