From the Guardian
Ethnic inequalities are “deeply entrenched” among the over-50s in England, with older black, Asian and minority ethnic (BAME) people falling behind white peers on income and home ownership, new research has shown.
BAME people are more likely to retire later than white peers, have a lower weekly income, and are far less likely to own their own home, analysis by the Centre for Ageing Better, Institute for Public Policy Research (IPPR) and University College London (UCL) revealed.
People from ethnic minority backgrounds aged 50-70 are more likely to be in the poorest 20% of the population in England compared with white people, the study found. It showed that black men and women are living on an average of £100 less per week compared to white men and women in the same age group.
However, black people in their 50s and 60s are more likely to be working, with white people in the age group three times more likely to have retired, suggesting a disparity in the access to other sources of income, such as pension savings and assets.