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Black retirement security in the era of defined contribution plans: Why African Americans need to invest more in stocks to generate the savings they need for a comfortable retirement. Rutgers Journal of Law & PublicPolicy, 14, 169-195. [4] 4] Wallace, J., & Erickson, J. Journal of Consumer Research, 24 (4), 395-408. [10]
Racist publicpolicy created it, and we will need bold structural solutions to fix it.” The rate is highest for Black women, whose amount owed is 113 percent of the amount borrowed—double the ratio for white men borrowers (56 percent) and Asians (47 percent for women and 45 percent for men).
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