Confianza, Savings, and Retirement: A Study of Mexican Immigrants

Report

Abstract

Interdisciplinary study integrating cultural anthropology and economics. Analyzes results from 2009-2010 ethnographic research in the Chicago metropolitan area and statistical analyses of the Current Population Survey, the Chicago-Area Survey, and Immigration and Intergenerational Mobility in Metropolitan Los Angeles Survey. Key findings include immigrants’ collectivist investments in social networks substitute for retirement savings; their descendants invest less in collectivist networks but neither can they save enough for retirement. Provides recommendations for financial and public policy makers to help immigrants and low-wealth populations better prepare for a secure retirement.

Attributes

Attribute NameValues
Document Type
  • Report

Creator
  • Teresa Ghilarducci

  • Joelle Saad-Lesser

  • Karen Richman

  • Erin Jelm

  • Roger Knight

Date Created
  • 2012-02-01

Subject
  • Labor and the Economy

  • Citizenship and Civic Partnership

Language
  • English

Access Rights Open Access
Content License
  • All rights reserved

Departments and Units
Member of

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