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Monday, October 11, 2010

Latinos Falling Short on Retirement Preparation

From the National Latina/o Law Student Association

http://wp.me/pv8vR-5M

THE IMPORTANCE OF SOUND RETIREMENT PLANNING
Compared to other demographic groups in the U.S., the Latino population is considerably younger.  The median age of Hispanics is approximately 27.3 years of age, compared to the overall U.S. population average of 36.4 years.  In addition, the HI and ASR study notes that Latinos have a longer life expectancy than their non-Latino counterparts.  This means that retirement savings will need to be larger for Latinos, who will have to rely on retirement savings for a longer period of time.  The need for sound retirement planning, therefore, becomes all the more important. 

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