Preparing for the Future: Latinos' Financial Literacy and Retirement Planning

Report

Abstract

Explains how the shift in workers’ retirement funding from defined benefit pensions to defined contribution plans places undue burden on participants’ financial literacy. Latinos’ low financial literacy contributes to lower participation rates and “off-brand” uses of defined contribution savings plans. Recommends policies to bolster Latinos’ financial literacy and retirement security. Based on Survey of Income Program Participants (SIPP) and Health and Retirement Survey (HRS).

Attributes

Attribute NameValues
Document Type
  • Report

Creator
  • Wei Sun

  • Karen Richman

  • Gia Barboza

Date Created
  • 2007-01-01

Subject
  • Labor and the Economy

Language
  • English

Record Visibility Public
Content License
  • All rights reserved

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Institute for Latino Studies Sponsored Research and Publications Archive

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