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Retirement Barriers.pdf

E-10-Cruz_r1.pdf
Preview of Retirement Barriers
🔗 Source: protectedincome.org
📊 Size: 745 KB
📄 Pages: 7 pages
⬇️ Downloads: 162

Summary

Latinos make up 18.7% of the US population and are a growing demographic, but they struggle to prepare for retirement, with 19.5% of Latino seniors living in poverty and fewer than 1% having retirement savings equal to or greater than their annual income. Lifetime income products can provide a guaranteed benefit, and there are three main sources: Social Security, defined benefit pension plans, and defined contribution plans. To increase retirement security for Latinos, recommendations include strengthening Social Security and Supplemental Security Income, protecting defined benefit plans and increasing Latino participation in the public sector workforce, and promoting awareness and education about lifetime income products.

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Description

Latinos make up 18.7% of the US population and are a growing demographic, but they struggle to prepare for retirement, with 19.5% of Latino seniors living in...

Technical Information

  • File Format: PDF
  • File Size: 745 KB
  • Pages: 7
  • Language: EN
  • Total Downloads: 162
  • Last Updated: 1 week ago

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