The number of workers financially unprepared for retirement is at "crisis levels," according to 78 percent of African American small business owners.
According to a small business survey of 501 small businesses by Nationwide Financial and conducted by Harris Interactive, African American small business owners are more than twice as likely as other owners to plan on enhancing benefits for their employees and twice as likely to provide more access to 401(k) type plans within the next two years.
"It's clear that African American small business owners are deeply concerned about the lack of preparation for retirement in our country," said Eric Stevenson, vice president of sales for Nationwide Retirement Solutions. "Despite the alarming level of concern, it's encouraging to see they are trying to do something about it by investing in their employees."
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