Financial literacy is an issue that should command our attention because many Americans are not adequately organizing finances for their education, healthcare and retirement. ↗
Increased awareness and education could be a great help toward improving spending and saving habits and increasing participation and contribution levels to retirement plans. ↗
Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers. ↗
When one gets old and they are sick, there are not many things they can count on but they should be able to count on Social Security. Our seniors' retirement should never rely on the bull of political promises or the bear of the market. ↗
Preparation for old age should begin not later than one's teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement. ↗
Because Social Security is specifically designed to boost the retirement income of low earners with a progressive benefit formula, the program has played an enormous and necessary role in keeping Latinas out of poverty. ↗
