The 11th Annual Black Investor Survey shows White Americans have more than twice as much saved for retirement as Blacks, but finds employers well positioned to make a difference. African-Americans are on equal footing with Whites when it comes to accessing and enrolling in employer-sponsored defined contribution plans, but save far less each month and have a considerably smaller nest egg than their White counterparts, according to the 11th annual Ariel/Schwab Black Investor Survey. The survey also found that with some help from employers, all employees, but particularly African-Americans, would be likely to ramp up their monthly 401(k) savings

This year's survey found that for many younger African-Americans, saving for retirement is more of a dream than a priority. Both Ariel and Schwab have made a major investment in financial education for youth. Through Ariel's foundation, the Ariel Education Initiative, the company supports the Ariel Community Academy, a Chicago public school that integrates financial literacy into the school's curriculum. Charles Schwab Foundation funds Money Matters: Make it Count, an after-school financial literacy program with Boys & Girls Clubs of America.

You can also review the findings from past Black Investor Surveys, dating back to 1998.