Faculty Publications

Title

Unique Retirement Planning Challenges Facing Hispanic Americans

Document Type

Article

Publication Date

2-18-2014

Abstract

While many Americans have some difficulty planning and preparing for retirement, unique challenges face certain demographic groups. One such group is Hispanic Americans. A new study released by Prudential Financial, entitled “The Hispanic American Financial Experience,” sheds new light on the distinctive challenges facing Hispanic Americans as they plan for retirement. With an estimated 53 million Hispanic Americans in the U.S.—roughly 16.9 percent of the U.S. population in 2012—it is paramount that Hispanic Americans and the financial professionals who service them understand the unique challenges presented, the opportunities available, and the solutions best tailored to suit the needs of this particular group when planning for retirement.