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Centre for Policy on Ageing | |
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Saving for retirement
— a review of ethnic minorities in the UK | | Author(s) | Orla Gough, Roberta Adami |
| Journal title | Social Policy and Society, vol 12, no 1, January 2013 |
| Publisher | Cambridge University Press, January 2013 |
| Pages | pp 147-161 |
| Source | journals.cambridge.org/sps |
| Keywords | Ethnic groups ; Retirement pensions ; Savings ; United Kingdom. |
| Annotation | The purpose of the present study was to look at the saving behaviour of ethnic minorities in the UK. Within the context of pension planning, the authors investigated saving for retirement patterns in relation to ethnicity, gender and age. The study used data from the Family Resources Survey (FRS) to analyse employment status, income, saving types and levels. Although study findings revealed profound heterogeneity, ethnic minorities showed higher levels of unemployment, lower income and consistently lower levels of saving for retirement compared to a white control group. Disadvantages of ethnic minorities during their working life were found to persist, especially for women, although to a lesser extent than in the past, and continued to affect private savings and prospective retirement income. Indian and Chinese men experienced the greatest improvements in terms of employment status and income and this was reflected in higher levels of saving for retirement since the mid 1990s. (JL). |
| Accession Number | CPA-130322230 A |
| Classmark | TK: JJA: JDD: 8 |
Data © Centre for Policy on Ageing |
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| ...from the Ageinfo database published by Centre for Policy on Ageing. |
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