Birth determines people’s retirement savings in US – study
US-born seniors have almost three times as much saved as non-citizens, Minneapolis Fed research finds
A person’s income during retirement in the US is heavily affected by their citizenship status, according to research from the Federal Reserve Bank of Minneapolis.
The study, published on April 14, finds that US-born retirees had almost 1.5 times the income of foreign-born US citizens and almost three times that of non-citizens.
The author, Erick Garcia Luna, Minneapolis Fed director of regional outreach, used census data to draw his findings.
He says foreign-born workers are less likely to use
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