Gaps in Retirement Savings Based on Race, Ethnicity and Gender

This document is the testimony from Cindy Hounsell of the Women's Institute for a Secure Retirement (WISER) on the gaps in retirement savings based on race, ethnicity and gender. It focuses primarily on the challenges women face, including longevity risks, health care costs, marital status, and caregiving responsibilities. It provides suggestions for EBSA to expand access to financial literacy publications and work with plan sponsors to provide education to build knowledge.