AARP Survey: Many Hispanic/Latino Voters Dissatisfied with their Retirement Savings

Lawndale News Chicago's Bilingual Newspaper - Business

In a new AARP survey, eight in ten people age 50-plus say that taking a stand on Social Security is a basic threshold for presidential leadership. The survey of likely voters also shows nearly 40 percent are dissatisfied with their retirement savings and nearly half (49%) of voters worry they won’t be able to achieve their financial goals over the next five years. Four in ten (40%) still don’t know for certain which presidential candidate they’ll choose in the 2016 general election. Among Hispanic/Latino voters, eight in ten (86%) also think it is very important that presidential candidates lay out their plans to update Social Security for future generations. This was true across party lines, as 78 percent of Democrats, 76 percent of Republicans, and 77 percent of Independent voters want to see a plan. It was also true across African-American and Hispanic/Latino voters: 87 percent of African Americans and 83 percent of Hispanic/Latino voters want to see a plan. Additionally, 83 percent of voters said it was very important that the government take action on Social Security.

Lawndale News Chicago's Bilingual Newspaper - Business

More than half of voters (55%) surveyed have financial anxiety, rating the national economy as performing poorly. Just a quarter (26%) of voters are very satisfied with their personal financial situation, while nearly 3 in 10 (29%) are very or somewhat dissatisfied with their financial situation. Among Hispanic/Latino voters, 43 percent are worried or concerned about being able to achieve their economic and financial goals. Less than a quarter (22%) are very satisfied with their retirement savings and nearly 4 in 10 (37%) are somewhat or very dissatisfied with their retirement savings. 6 in 10 (62%) feel that gridlock in Washington has impacted their personal financial situation. For more information, please visit www.aarp.org/votantes50plus.

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