Financial Risk Aversion Among Older Black and White Adults.
S Duke HanLisa L BarnesSue LeurgansLei YuMelissa LamarCrystal M GloverDavid A BennettPatricia A BoylePublished in: The journals of gerontology. Series B, Psychological sciences and social sciences (2023)
Older Black adults are more financially risk averse than older White adults. Since risk aversion may be associated with important financial and health outcomes in older age, more research is needed to investigate the reasons for this difference.