Gaps in Retirement Savings Based on Race, Ethnicity and Gender

This document is about testimony from Anqi Chen of the Center for Retirement Research at Boston College on the significant gaps in retirement savings based on race, ethnicity and gender. It discusses why 401(k) plans are falling short of their potential, the differences in retirement savings by income, race/ethnicity and gender, and proposals to increase retirement savings through expanded coverage and incentives like auto-IRAs and an enhanced Saver's Credit.