Highlights From the FINRA Foundation National Financial Capability Study
Financial Capability in the United States
Retirement account ownership rates also differ by age and race/ethnicity. Younger respondents are less
likely than older respondents to have a retirement account. Black/African American and Hispanic/Latino
respondents are less likely than white respondents to have a retirement account, while Asian/Pacific
Islander respondents are more likely to have a retirement account.
Have any type of retirement account
(among non-retired respondents)
By age
18-34
43%
35-54
59%
55+
66%
By race/ethnicity
White
57%
Black/Afr. Amer.
46%
Hispanic/Latino
49%
Asian/Pac. Isl.
65%
There is considerable variation by income, education, and race/ethnicity in the proportion of respondents
expecting an inheritance. Only 15 percent of those in the lowest income group, 16 percent of those with
no college education, and 18 percent of Black/African American and Hispanic/Latino respondents indicated
that they expect to inherit or have already inherited at least $10,000. In contrast, 38 percent of those in the
highest income group, 40 percent of those with college degrees, and 30 percent of white respondents said
they expect to inherit or have already inherited at least $10,000.
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Expect or received inheritance
By Income
By education
HS or less 16%
<$25K 15%
Some college
23%
$25-75K
24%
College or more
40%
$75K+
38%
By race/ethnicity
White
30%
Black/Afr. Amer. 18%
Hispanic/Latino 18%
Asian/Pac. Isl.
22%
Highlights From the FINRA Foundation National Financial Capability StudyView entire presentation