For a Savings and Investment Agenda Latinos represent a rapidly growing and youthful segment of the U.S. population. Because of Latinos' age and economic status, retirement policy changes will have a major impact on future retirement income. Many Latinos live paycheck to paycheck. Attaining the American Dream in the 21st century requires savings and asset ownership. Those who own money have economic security.
Money makes money.
Only public policy initiatives can open this second source of income to all Americans, especially the many Latinos who have neither access to, nor information about savings. Less than half of Latino households have any retirement savings. After a lifetime of work, more than half of all Latinos do not own a dime. To push Latinos into economic prosperity requires a savings and investment agenda. Social Security offers many the only major tool for building assets.