Retirement Planning Among Hispanics: In God’s Hands?

Department(s)

School of Public Policy

Document Type

Article

Publication Date

2017

Abstract

We conducted a qualitative study on retirement preparedness among middle-aged and older low-income Hispanics in Los Angeles. Data derived from four focus groups conducted in the greater Los Angeles area. Findings demonstrate how behavioral and cultural factors—family experiences, religiosity, and denial of retirement—explain the lack of savings and preparedness for retirement. Findings also indicate that the majority of participants want to be economically independent and to keep working until they are unable to do so. Participants helped their parents financially but did not feel comfortable asking their own children for help. Instead, participants placed their survival in retirement “in God’s hands.”

Publication Title

Journal of Aging & Social Policy

DOI

10.1080/08959420.2016.1272161

PubMed ID

27976984

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