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. 2017 Jul-Sep;29(4):311-331.
doi: 10.1080/08959420.2016.1272161. Epub 2016 Dec 15.

Retirement Planning Among Hispanics: In God's Hands?

Luisa R Blanco  1 , Emma Aguila  2 , Arturo Gongora  3 , O Kenrik Duru  4
Affiliations

Retirement Planning Among Hispanics: In God's Hands?

Luisa R Blanco et al. J Aging Soc Policy. 2017 Jul-Sep.

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."

Keywords: Culture; Hispanics; qualitative methods; religion; retirement; women.

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References

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