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The picture is even more sobering for seniors and people of color. People of color account for 41 percent of the 55 million people without retirement accounts. On top of that, they are more likely to live in poverty as both working-age adults and seniors. Without money to draw on from their retirement (African-American and Latino families have, on average, zero in liquid retirement savings), they are far more susceptible to the ills of senior poverty, which can include everything from multiple chronic conditions to heightened mortality rates and food insecurity.

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