The Impact of Minority Group Status on the Projected Retirement Income of Divorced Women in the Baby Boom Cohort

Using projections from the Social Security Administration's Modeling Income in the Near Term (MINT1), we examine the characteristics and retirement income of white non-Hispanic, black non-Hispanic, and Hispanic divorced women in the baby boom cohort. Although we find significant differences in...

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Bibliographic Details
Published in:Journal of women & aging 2003-01, Vol.15 (2-3), p.67-88
Main Authors: Butrica, Barbara A., Iams, Howard M.
Format: Article
Language:English
Subjects:
Aging
Black or African American
Black People - statistics & numerical data
Black White Differences
Cohort Studies
Culture
Divorce
Economic Policy
economic well-being
Economics
Ethnic Groups
ethnicity
Female
Females
Health Policy
Hispanic Americans
Hispanic or Latino - statistics & numerical data
Human relations
Humans
Income
Interpersonal communication
Life
Lifetime
Marital Status
Middle Aged Adults
minority
Minority & ethnic groups
Minority Groups - statistics & numerical data
Older people
Personal relationships
Population Growth
race
Racial Differences
Retirement
Retirement - economics
Retirement income
Single Person - statistics & numerical data
Social impact
Sociodemographic Characteristics
Socioeconomic Factors
United States
White People - statistics & numerical data
Whites
Women
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Summary:Using projections from the Social Security Administration's Modeling Income in the Near Term (MINT1), we examine the characteristics and retirement income of white non-Hispanic, black non-Hispanic, and Hispanic divorced women in the baby boom cohort. Although we find significant differences in retirement income for divorced women of different racial and ethnic groups, the characteristics associated with higher or lower retirement income are very similar. That is, being college educated, owning a home, and having pension and asset income, for example, correspond to increased retirement income for all racial and ethnic groups. However, because black and Hispanic women are less likely than white women to be college educated, to own their home, and to have pension and asset income, their retirement income tends to be lower than that of white women. We conclude the paper by briefly discussing policy options to address the retirement needs of divorced women.
ISSN:0895-2841
1540-7322
DOI:10.1300/J074v15n02_05