Latin Americans Expect To Have ‘Gaps’ In Retirement Income: LIMRA

February 25, 2020 by Press Release

A new study finds that 64% of Latin American adults expect to have significant gaps in their retirement funds when they turn 60, and 52% don’t believe the income from their government-funded pension (Social Security) and their employer-sponsored pension will cover basic living expenses.

The study was conducted by Secure Retirement Institute and the Society of Actuaries (SOA)

Almost half of Latin American consumers consider it their responsibility to plan for retirement and do not want to depend on the government or family members, the study finds.

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Originally Posted at InsuranceNewsNet on February 20, 2020 by Press Release.