The same study, if one were black, one would actually earn a negative rate of return on the investment because of the shorter life expectancy with black males. So this translates into real money over a person's retirement, because that difference that the gentleman from Oklahoma pointed out, the difference between $3.50 or $4 of earnings on $1 versus 70 cents or 40 cents can make a big difference over time.
Marshall Sanford: “The same study, if one were black, one would actually earn a negative rate of return on the investment because of the…”
Editor's note · Context
Discussing the economic impact of life expectancy on retirement earnings for black males.
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