Publication Date: July 2005
Publisher: National Council of La Raza
Author(s): Peter R. Orszag; Eric Rodriguez; Peter R. Orszag; Eric Rodriguez
Research Area: Banking and finance
Keywords: Hispanic population; Economic inequality; Income diversity; Pension plan
Coverage: United States United States
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.
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