Latinx Senior’s Living in Poverty
According to data from UCLA
Center for Health Policy, 56% of Latinx seniors in San Mateo
County live in poverty compared to 40% of white residents over
the age of 65 (to get to San Mateo County numbers click on the
county tab on the chart, select San Mateo County, and click ok).
Unequal access to retirement assets is one of the many
causes of senior financial security disparities.
Universal retirement plans and addressing the racial wealth gap
can all help improve financial security disparities for San Mateo
California Secure Choice retirement program will provide 7.5 million workers with access to a low-cost and portable individual retirement account. By 2019, all California employers will be required to either offer an employer sponsored retirement plan or allow workers to make payroll contributions to a California Secure Choice plan.