In Financial Literacy Month, The LIBRE Institute Highlights Financial Wellness Efforts
(Washington, D.C.) – April is Financial Literacy month, and for many Hispanics in the U.S. it’s particularly important to have a full understanding of their financial situation and the challenges they face. Hispanics represent 17 percent of the U.S. population with a purchasing power that has been growing 70 percent faster than Americans’ as a whole since the late 1980’s. However, the community faces economic challenges that make us lag behind the general population. Unemployment among Hispanics is higher than the rest of the U.S. and they continue to be pushed into part-time work at a higher rate than others, causing many to live paycheck to paycheck. Hispanics are significantly less likely than the general population to hold work-based retirement plans, savings accounts, stocks, bonds, and even life insurance.
Daniel Garza, President and Chairman for The LIBRE Institute, released the following statement:
“The need for Hispanics to be financially knowledgeable is critical for the growth of our community and the country as a whole. At The LIBRE Institute we take this task seriously and have held over 17 events on financial literacy in the past year, across the nation. This year we’ve been hosting events every month to ensure our community has the tools to take control of their finances and plan for a brighter future. Being financially savvy makes for more stable individuals and families, and sets a foundation for long-term prosperity”