ÜDS-Sosyal 2004-1 Soru=69

As it is pointed out In the passage, African- Americana do not save up for their retirement - ---.

The typical African-American seems uninterested
in saving for retirement. Statistics show that in
recent years Americans in general have become
increasingly less disciplined about saving.
However, this trend is disturbingly prevalent
among black Americans. Only 59% of African-
Americans say they or their spouses have saved
for retirement, compared with 77% of white
workers, according to a recent survey. What are
the reasons for this disparity? Historically, there's
been a cultural disconnection between the
retirement portrayed in the glossy brochures -
lavish vacations in high-priced villas - and the
African-American reality. Most blacks expect to go
on working even after they have officially retired,
rather than lying around on a beach. Their
experience in retirement has never been like
mainstream white America. "Typically", they say,
'we work until we die". Researchers have often
attributed the savings gap for African-Americans
to lower wages or to a lower comfort level with the
stock market. Those factors do play a part, but
even educated professional blacks earning sixfigure
incomes tend to ignore their retirement and
follow a wasteful way of life. Economists say the
behavior mirrors that of first-generation
immigrants who engage in conspicuous
consumption. "Black professionals today are often
first-generation college graduates who, like other
groups, want to symbolize that they have
succeeded."