A majority of Latinos have no retirement savings, according to a study by the National Institute on Retirement Security, a nonprofit research group based in Washington.
Nearly 70 percent of Latino working-age households have no assets in a retirement account, and 62 percent of Latinos between the ages of 25 and 64 do not have employer-sponsored retirement plans.
That is higher than the percentage of people in other major ethnic/racial groups – black, Asian and white – appearing to be woefully unprepared financially for retirement.
The percentage for whites was 37 percent. READ MORE
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