Retirement Planning Among Hispanics: In God’s Hands? |
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| Authors: | Luisa R Blanco Emma Aguila Arturo Gongora O Kenrik Duru |
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| Institution: | 1. Associate Professor, School of Public Policy, Pepperdine University, Malibu, California, USA;2. Assistant Professor, Sol Price School of Public Policy, University of Southern California, Los Angeles, California, USA;3. Project Coordinator, David Geffen School of Medicine, University of California Los Angeles, Los Angeles, California, USA;4. Associate Professor in Residence, David Geffen School of Medicine, University of California Los Angeles, Los Angeles, California, USA |
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| Abstract: | We conducted a qualitative study on retirement preparedness among middle-aged and older low-income Hispanics in Los Angeles. Data were 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.” |
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| Keywords: | Culture Hispanics qualitative methods religion retirement women |
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