Differences in retirement knowledge and financial preparedness between Hispanic and non-Hispanic White older adults in the United States.

ABSTRACT:

Background and objectives

We assess differences in retirement knowledge between older Hispanic and non-Hispanic White adults, and the extent to which individual, household, and neighborhood characteristics account for these differences. We also evaluate whether the relationships of retirement knowledge with financial outcomes (i.e., wealth) and health differ between Hispanic and non-Hispanic White older adults.

Research design and methods

We analyzed the Retirement Knowledge Scale (RKS) included in the 2020 Health and Retirement Study (N = 1,350). We use a regression approach with a Blinder-Oaxaca decomposition analysis.

Results

The average RKS was significantly lower among Hispanic than among White older adults. The top three factors explaining differences in retirem

SUBMITTER: Blanco LR 

PROVIDER: S-EPMC12710657 | biostudies-literature | 2025 Nov

REPOSITORIES: biostudies-literature