Many older Hispanics—one of the fastest-growing groups in the United States—face significant financial challenges because they worked at low-paying jobs that did not offer retirement benefits. Older Hispanics receive less income, hold less wealth, and are more likely to be impoverished than older non-Hispanic whites. Financial outcomes are significantly worse for older foreign-born Hispanics than for those born in the United States. Various policy options, such as workforce development initiatives, efforts to promote education and retirement savings, and Social Security reforms that increase benefit progressivity, might improve financial security for current and future generations of older Hispanics.
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