“My parents would always say, ‘save, save, save, save,’ but I had to learn my own ways. For the poll, 1,200 Latinos in Arizona, California and Texas were asked about their use of bank accounts, their expenses, debts, savings and access to credit. “The amount of debt that people had in every category, [including] credit card debt, mortgage debt, medical debt and student loan debt has all increased. The poll also found that Latinos of all ages have low levels of retirement savings; 56% of Latinos over 40 said they had $40,000 or less saved for retirement. For them, it’s always work, work, work,” she said.

Source: Los Angeles Times June 24, 2024 20:22 UTC