Pension Coverage: A Missing Step in the Wealth-Building Ladder for Latinos

Summary

This issue brief presents data and summarizes research on pension coverage and participation issues for Latino workers.

Description

Employer-provided pension plans and retirement savings products have emerged as a particularly important means of building financial wealth and security for American workers and families. Yet Hispanic workers remain the least likely of all Americans to have access to – or participate in – employer-provided pension plans. This issue brief presents data and summarizes research on pension coverage and participation issues for Latino workers, reviews national trends in coverage and the current public policy debate, and highlights promising strategies or measures that could narrow the pension coverage and wealth gaps between Latino and other American workers considerably over the next decade.