“This newest research is in line with our ongoing State of the American Family Study; it shows that Hispanics are invested in their future,” said
Hispanics are more likely to have sought financial information overall (82 percent vs. 75 percent) and from financial institutions (48 percent vs. 44 percent) more than the general population. They also are more likely to seek out information on personal finance and retirement planning than the general population, turning to family (37 percent vs. 27 percent), friends (26 percent vs. 19 percent), and significant others (24 percent vs. 18 percent) for information.
In retirement, education, and emergency security, they take fewer risks. Hispanics are almost twice as likely (51 percent) than the general population (27 percent) to carefully research and plan every detail of their education and are more likely to have sufficient “rainy day” funds (35 percent vs. 31 percent). Additionally, they are more likely to carefully research and plan every detail of their retirement (42 percent vs. 32 percent) and are more likely to work at their retirement plan until they believe it’s perfect (38 percent vs. 24 percent).
To learn more about preparing for your financial future, visit massmutual.com/planningtools or in Spanish at massmutual.com/espanol. Locate a financial professional near you at massmutual.com/secure/locateanoffice.
This research was conducted by
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