TY - JOUR T1 - An Application of Financial Resilience to Retirement Planning by Racial/Ethnic Status JF - The Journal of Retirement DO - 10.3905/jor.2022.1.111 SP - jor.2022.1.111 AU - Kenneth J. White AU - Congrong Ouyang AU - Ives Machiz AU - Megan McCoy AU - Jia Qi Y1 - 2022/04/06 UR - https://pm-research.com/content/early/2022/04/06/jor.2022.1.111.abstract N2 - A great majority of Americans are underfunded and/or financially stressed about their retirement future. Black and Hispanic individuals have a greater risk for inadequate retirement savings and experience higher levels of financial stress in their retirement age. This study investigates which factors increase financial resilience among Black and Hispanic individuals in terms of their retirement preparedness. Results from the 2018 wave of the National Longitudinal Survey of Youth 1979 indicate that all four components of the financial resilience framework (economic resources, access to retirement resources, retirement knowledge, and social capital) are predictors of individuals’ subjective retirement preparedness. Results and implications are examined separately for Black, Hispanic and non-Black, non-Hispanic individuals to help financial professionals decrease the retirement planning racial and ethnic gap. ER -