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Why Are Latinos Not Saving for Retirement?
A new survey by ING Retirement Research Institute, by Forbes, revealed that Latinos aren't saving for their golden years.
Fifty-four percent of Latinos said that they felt "not very" or "not at all" financially prepared for retirement, a percentage that was higher than that of all other ethnic groups surveyed including African-Americans, whites and Asians.
The question now is why Latinos are not saving more money toward their retirement. While the ING survey reported that about a third of Latinos blamed insufficient income and a quarter pointed to debt as reasons why they haven't been able put more money aside, I think that the Forbes report on the survey was correct to mention that culture also plays a part. READ MORE
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