Retirement Security for Latinos: Bolstering Coverage, Savings and Adequacy

Author:	Peter R. Orszag and Eric Rodriguez
Date:	Jul 12, 2005
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Topic:	Community and Family Wealth-Building
Policy:	Retirement Security

Summary

This report released by The Retirement Security Project and the National Council of La Raza (NCLR) shows that Hispanics would particularly benefit from improvements to 401(k) plans such as automatic enrollment, expansion of the Saver's Credit, and eliminating retirement plans from eligibility requirements for means-tested programs. This new evidence is important because Latinos, who are far less likely than other workers to participate in an employment-based retirement plan or have any significant private savings earmarked for retirement, are the fastest growing segment of the American population at or near retirement.