29 JANUARY 2014
Los Angeles, California, January 29, 2014 —Today President Barack Obama signed an executive order creating the myRA program, a new option for retirement savings, supplementing the existing IRAs, Roth IRAs and 401(k) retirement accounts. The myRA targets mainly lower-income Americans and those employed by small companies that do not offer retirement programs. The Latinos & Economic Security (LES) Project supports this new vehicle to promote retirement savings among Latinos, especially those who may not be knowledgeable about current retirement vehicles.
1 OCTOBER 2013
Between 2010 and 2030, the working age population* in the U.S. is projected to grow by 11 million people. This increase is primarily due to growth within the U.S. Latino population. The figures are in line with evidence that 93% of the growth in the working-age population between now and 2050 will be immigrants and their U.S.-born children (National Journal/Pew Research Center).
For more information on how the U.S. can benefit from these changes, click here.
*Working age is defined here as ages 25-64.
Source: Independent analysis of U.S. Census Bureau data
13 AUGUST 2013
Presenting the research outcomes of the Latinos & Economic Security Project
Funding from The Ford Foundation
A collaboration of the UCLA Center for Policy Research on Aging,
the USC Davis School of Gerontology, and
the UCLA Chicano Studies Research Center
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23 JULY 2013
This figure shows the change in the Latino and Asian baby boomer populations since 1980, broken down by citizenship status. We can see that the the foreign-born population (non-citizens plus naturalized citizens) of Latino boomers has increased considerably, with large early increases in non-citizens and a slower increase in naturalized citizens. By contrast, far more Asian boomers have become naturalized citizens over the years than Asian boomers who are living in the U.S. as non-citizens.
- Naturalization, the process by which immigrants become U.S. citizens, has been linked to both civic engagement and economic security. In so far as these are benefits to both the individual and larger society, it is important to put policies in place that encourage naturalization for Latino immigrants at a rate close to or at that of Asian immigrants.
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1 APRIL 2013
On March 21, 2013, the Latinos & Economic Security (LES) research team composed of Kathleen Wilber, Chon Noriega, Max Benavidez and Zach Gassoumis, presented outcomes and policy recommendations based on of eight years of research and analysis at a symposium, "Aging in a Majority-Minority Nation: Interracial and Intergenerational Tensions & Opportunities," marking the 15th anniversary of the Center for Policy Research on Aging.
The LES researchers covered the following key points:
-- The U.S. has an aging population that is largely white and a growing Latino workforce that is supporting current retirees
-- Latinos 65+ depend heavily on Social Security for their retirement income
-- Education and citizenship are key to economic security
-- Investing in the education and development of the workers of tomorrow is critical for the well-being of the U.S
To view the LES researchers' Powerpoint presentation, please click here. »
5 MARCH 2013
UCLA's Center on Policy Research on Aging Marks 15th Anniversary with Groundbreaking Symposium: "Aging in Majority-Minority Nation: Interracial and Intergenerational Tensions and Opportunities"
Dr. Fernando Torres-Gil convenes symposium to examine the economic clash between aging white baby boomers and young Latinos
Los Angeles, California —The UCLA Center for Research on Aging (CPRA), in cooperation with the Archstone Foundation and the UCLA Luskin School of Public Affairs, today announced a groundbreaking symposium on Thursday, March 21, 2013 to mark the center's 15th anniversary. The symposium, "Aging in a Majority-Minority Nation," will feature leading experts and researchers who will examine the interracial and intergenerational tensions and opportunities that will affect our nation for the next century. Read More »
6 SEPTEMBER 2012
1) Why is there public concern about funding Medicare, Social Security and other public benefits for the elderly?
Response: Since the inception of entitlement programs such as Medicare (l965), Social Security (l935) and Medicaid (l965), the general public has come to view these programs as an entitlement; if you grow old and pay taxes, these public benefits will give you a measure of security for yourself as you grow old and for your parents and grandparents. Read More »
18 JUNE 2012
New America Media, News Report, Paul Kleyman
SAN FRANCISCO—Only a week after an election signaling a rollback in public-employee retirement benefits, new Federal Reserve data show a sharp decline in family wealth. The effect is especially acute for non-whites and Hispanic households. Read More »
16 FEBRUARY 2012
Kerry Hannon - Contributor, Forbes
When it comes to retirement savings, Latinos are failing.
That’s what a new survey rolled out about a week ago by ING Retirement Research Institute reveals. In many ways, it echoes what has been laid out in previous minority retirement studies. Read More »
11 JANUARY 2012
Op-Ed By: Dowell Meyers, New York Times
THE immigration crisis that has roiled American politics for decades has faded into history. Illegal immigration is shrinking to a trickle, if that, and will likely never return to the peak levels of 2000. Just as important, immigrants who arrived in the 1990s and settled here are assimilating in remarkable and unexpected ways. Read More »
12 SEPTEMBER 2011
09/08/2011 By Hispanic PR Blog
According to a new U.S. Census Bureau study, education levels had more effect on earnings over a 40-year span in the workforce than any other demographic factor, such as gender, race and Hispanic origin. For example, a worker with a professional degree is expected to make more than a worker with a eighth grade education or lower.
Read More »
12 July 2011
Rep. Roybal-Allard Co-Hosts Briefing Entitled “Reframing The Generational Divide: Baby Boomers Vs. Young Latinos.”
U.S. Capitol Complex, Washington D.C., Jul 7 - Congresswoman Lucille Roybal-Allard (CA-34) welcomed Hill staffers to a congressional briefing sponsored by the UCLA-USC Latinos & Economic Security Project entitled “Reframing the Generational Divide: Baby Boomers vs. Young Latinos” about the potential economic, social and political impact of our nation’s rapidly growing young Latino population and aging baby boomers. Read More »
What the Briefing Will Cover: Two rapidly developing demographic changes will define the United States over the next quarter century: aging Baby Boomers and a growing population of young Latinos. Are they on an economic collision course, or can they establish a new social contract that strengthens American society and its economic security? This is the trillion dollar question as experts from the UCLA-USC Latinos and Economic Security Project assess the economic consequences for the nation, demonstrate the need to re-frame this debate, and seek a solution-oriented approach to the greatest inter-generational and inter-ethnic challenge of this century.
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31 MAY 2011
By Kirk Semple
Eulogia was scared and adrift. At 25, she was poor, pregnant and an illegal immigrant. She worried about how she would pay for medical care and raise her baby, and even whether a trip to the hospital might prompt her deportation to Mexico. Read More »
15 APRIL 2011
By Fernando Torres-Gil and Diana Lam
The United States, like other nations, is now experiencing a “silver” tsunami. And, as has occurred in other countries, we’ve seen this tidal force coming, but are not prepared for it. Read More »
11 APRIL 2011
Felipe Garcia, 79, looks up with a ready smile as his two-year-old granddaughter, Marina, orbits his shuffling legs—her mother Elena keeping a sharp eye on the toddler to avoid any mishaps around the family’s modest home in Silicon Valley. Elena says Marina doesn’t quite understand yet that her abuelo (grandpa) has Alzheimer’s disease and can’t concentrate on her for long periods of time. Read More »
11 APRIL 2011
When brothers Marco and Oscar Garcia made the unusual decision several years ago to merge their two households and move in with their elderly parents, they had no idea how challenging it would be. Read More »
09 APRIL 2011
Op-Ed By: Tim Rutten, Los Angeles Times
His proposal to abolish Medicare and gut Medicaid would send tens of millions of people living on fixed incomes over the financial brink. Read More »
- 25 MARCH 2011
Overview of Race and Hispanic Origin: 2010
2010 Census Briefs
Issued: March 25, 2011
By: Karen R. Humes, Nicholas A. Jones, and Roberto R. Ramirez
This report looks at our nation’s changing racial and ethnic diversity. It is part of a series that analyzes population and housing data collected from the 2010 Census, and it provides a snapshot of race and Hispanic origin in the United States. Racial and ethnic population group distributions and growth at the national level and at lower levels of geography are presented. This report also provides an overview of race and ethnicity concepts and definitions used in the 2010 Census. The data for this report are based on the 2010 Census Redistricting Data (Public Law 94-171) Summary File, which is among the first 2010 Census data products to be released and is provided to each state for use in drawing boundaries for legislative districts. Read More »
04 MARCH 2011
By: Max Benavidez, Ph.D.
Thursday, 4pm: we log on to read Kim Kardashian's tweets. Or Snooki's. Or, now, even Charlie Sheen's. It doesn't matter... I'm amazed by the junk that's out there and our willingness to consume it. But I think Americans are actually tired of "fast-food" culture and need something more substantial. I think we hunger for a new kind of voice -- one with guts and creativity, not just vapid narcissistic tweets. Read More »
22 FEBRUARY 2011
Whites who dominated Texas’s population for generations are growing older and more dependent on the earning power and taxes of younger Hispanics, now poised to take over as the state’s largest demographic group. Read More »
24 JANUARY 2011
Orbelina Reyes spends much of her time watching television at home. The 67-year-old Salvadoran doesn’t miss any episodes of her favorite novelas, or soap operas, now that she works only once a week.
But it’s not because she wants it that way. Read More »
28 DECEMBER 2010
Through a combination of procrastination and bad timing, many baby boomers are facing a personal finance disaster just as they're hoping to retire. Starting in January, more than 10,000 baby boomers a day will turn 65, a pattern that will continue for the next 19 years. Read More »
15 NOVEMBER 2010
When Helen Von Hapsburg asked her 76-year-old mother to consider talking to an elder law attorney about preparing for the next phase of her life, the conversation didn’t go so well.
Her mother, Macrina, immediately jumped to conclusions: This was the beginning of the end; her family was going to put her into a nursing home. Read More »
15 NOVEMBER 2010
In an age of diminished resources, the United States may be heading for an intensifying confrontation between the gray and the brown.
Two of the biggest demographic trends reshaping the nation in the 21st century increasingly appear to be on a collision course that could rattle American politics for decades. From one direction, racial diversity in the United States is growing, particularly among the young. Minorities now make up more than two-fifths of all children under 18, and they will represent a majority of all American children by as soon as 2023, demographer William Frey of the Brookings Institution predicts. Read More »
23 AUGUST 2010
During the past year, a new research project sprouted into being to gather and disseminate information on Latinos and their financial Successes into the future. The project, Latinos and Economic Security (LES), is already on its fifth policy brief, released this past May. Read More »
4 MARCH 2010
Tonight CNBC will air “Tom Brokaw Reports: Baby Boomer$,” a special documentary on the 80 million American Baby boomers. We applaud CNBC and Mr. Brokaw for reporting on this trend-setting generation. We also want people to know that Latinos comprise 10% of all Baby boomers—8 million people. Read More »
17 FEBRUARY 2010
Like a zombie tromping through a Hollywood gorefest, the idea of privatizing Social Security still walks among us.
The last promoter of the idea that people should personally invest their Social Security assets in the stock market was President George W. Bush, in 2001. With the dot-com crash still ringing in people's memories, the idea died in 2005. Read More »
10 FEBRUARY 2010
Latino baby boomers in the United States make up a population group so diverse and heterogeneous that the common practice of lumping them into a disadvantaged underclass is entirely inappropriate, according to a new report from the USC Davis School of Gerontology and the UCLA Center for Policy Research on Aging. Read More »
07 OCTOBER 2009
The future economic prosperity of the United States will depend on how well we educate the emerging Latino majority. However, as things look at the moment, our prosperity has a huge question mark over it. That's because the current public image of Latinos is one of an impoverished underclass with skyrocketing high school dropout rates, income levels below the poverty line, poor health, and wealth levels lower than any other group in the country. Read More »
02 OCTOBER 2009
Recent debates about the Social Security system have failed to take into account the impact of the current system on Latinos and how proposed changes could affect them. Latinos are the largest minority group and fastest growing population in the United States. Research demonstrates that when compared with the U.S. population as a whole, Latinos benefit more from Social Security and therefore rely on it for a greater share of their income in retirement. Read More »
13 MARCH 2009
The new issue of Generations, the Journal of the American Society on Aging (ASA), highlights the nexus of immigration and aging. It will be released at the "Aging In America" Conference, taking place in Las Vegas from March 15-19, and is devoted entirely to this timely topic. In the course of 14 thought-provoking articles, the journal delves into three interrelated areas: Policy Issues and Political Dilemmas; Older Immigrants; and The Nexus of Immigration and Aging. Read More »
12 SEPTEMBER 2008
America is witnessing a historic moment: the convergence of aging Baby Boomers with a burgeoning Latino population. That fact draws our attention to the people who fall into both categories: the Latino Baby Boomers, a population that is largely invisible.
Read More »
15 July 2008
A national research project-A New Latino Agenda: Realities on Aging, Diversity, & Latino Financial Security-has released its latest policy report, "Who Are the Latino Baby Boomers? Examining the Demographic and Economic Characteristics of a Hidden Population." Authored by researchers Zachary D. Gassoumis, Kathleen H. Wilber and Fernando Torres-Gil, the report looks at the historic convergence of aging baby boomers and the burgeoning Latino population. Read More »
08 May 2008
National Expert on Latinos and Aging to Deliver Policy Address: "The Nexus of Aging & Diversity: Latinos and the New Aging".
Dr. Fernando Torres-Gil, the nation's leading expert on Latinos and Aging, will address the National Health Policy Forum on May 9, 2008 at George Washington University in Washington, D.C. This policy address is part of the Ford Foundation-funded project, "A New Latino Agenda: Realities on Aging, Diversity, & Latino Financial Security."
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