Financial Literacy - Voto Latino Foundation

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Issues

Financial Literacy

Financial Literacy poses as one of the biggest gaps amongst building equitable wealth in the United States. For the Latinx community especially, financial literacy could mean the difference between owning or renting a home, building good credit, and saving for retirement. Hispanic families are less likely to own financial assets than non-Hispanic families. These financial assets amount to owning stocks, bonds, mutual funds, or having a retirement fund. Young Hispanics are adding to their debts more than their savings. According to Hispanics for a Secure Retirement, “Eighty-three percent of Hispanic millennials have no retirement savings, compared with 66 percent of non-Hispanic white millennials”.

Resources

Research and Resources on Latinos and Retirement

Latino retirement is a national nonprofit dedicated to the economic security of those dependent, now or in the future, on Social Security, and protecting and improving the economic security of disadvantaged and at-risk Hispanic populations of the United States. Visit their website for more information regarding retirement.

Financial Literacy Program Resources

The FDIC’s Money Smart financial education program can help people of all ages enhance their financial skills and create positive banking relationships. Visit their website for updated information and resources.

Financial Literacy Program Resources for the Latinx Community

The Hispanic Federation understands the potential Latinx have to increase their economic prosperity for generations to come, and commits to tapping into that potential through workshops and public education campaigns. Visit their website for resources on key topics including credit, capital, homeownership and how communities can be transformed and revitalized.