Differences in net worth between elderly black people and elderly white people

The economic well-being of elderly people is determined portly by how many assets they have. This article presents the findings of a study on the diff erences in the level of net worth held by white elderly people and black el derly people and the correlates of net worth of these two groups. The study found an enormous difference in net worth of these groups, even after othe r variables were held constant. Regression results indicated that whereas b oth lifetime earnings and human capital variables ore significant predictor s of the net worth of white men, these variables have little or no bearing on the net worth of black men. Separate analyses of data for white women an d black women found that human capital variables are significant predictors of the net worth of white women, bur variable lifetime earnings is the sig nificant predictor of the net worth for black women.