Cafecito y Dinero
Our curated Cafecito y Dinero webinars bring essential information to aid Latino families in preparation for retirement. These educational webinars focus on the Latino experience and enhance dialogue around economic challenges, savings & planning, and retirement readiness.
2021 Partner: AARP Multicultural Leadership, visit www.aarp.org or follow @AARP and @AARPEnEspañol on social media.
Latinos for a Secure Retirement and AARP are partnering to host our 2021 Cafecitos y Dinero series. With three webinars focused on helping Latinos in our community build a more secure financial future, our curated conversations are important because many Hispanic families do not have access to readily available resources. Aligned with the lack of generational knowledge and financial education, the Latino community is far behind compared to Whites. According to the latest available data from the National Retirement Risk Index calculated by the Center for Retirement Research at Boston College, more than 60 percent of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54 percent of Black households and 48 percent of white households. Via our digital conversations, many families will learn how to integrate financial planning and savings strategies, how to take advantage of sponsored employer retirement plans, and increase their knowledge about financial literacy. Latinos for a Secure Retirement and AARP are committed to providing the Latino community with financial planning resources in order to help them and their families plan and live a secure financial future.
Save the date for our UPCOMING Conversations:
- Tuesday, August 31st / Work & Save:
Pandemic Scams And Financial Protection For Older Adults: Tools Of Prevention. CLICK HERE TO RSVP
- Thursday, May 13th / San Ysidro Health (En Español)
- Thursday, May 27th / Borderland Rainbow Center & Alliance for African American Health in Central Texas
- Thursday, May 20th / The League of United Latin American Citizens (LULAC)
AARP: Work & SaveThis digital convening helped dismantle the ins and outs of how systemic disparities in overall wealth affect Hispanic families and provided details on how they can benefit from work and save programs for retirement readiness.
ABC’s of EntrepreneurshipWe dove into the ABCs of entrepreneurship, with tools to handle your personal and professional finance, how to access safe financial products and how to maximize the moment to build wealth so more Latinos can retire with security.
Latina Equal Pay DayFor the last Cafecito y Dinero we discussed how to help Latinos in our community build a more secure financial future by learning more about the gender and racial wage gap for Latinas. Participants obtained tools to ensure not only Latinas but everyone earn what they deserve.
Speakers for Our 2021 Series
Latinos for a Secure Retirement
Veronica Segovia Bedon
Senior Advisor of Diversity, Equity, and Inclusion at AARP.
Owner of Liquid Cents Bookkeeping
CEO & Founder, Duraca Strategic
Her Dinero Matters Podcast
Vice President, Hispanic /Latino Audience Strategy, Office of Diversity, Equity & Inclusion
Director, Thought Leadership – Financial Resilience, AARP
Assistant Vice-President for Policy & Community Engagement, Hispanic Federation
National Fellowship Director, Poder Latinx
AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering people 50 and older to choose how they live as they age. With a nationwide presence and nearly 38 million members, AARP strengthens communities and advocates for what matters most to families: health security, financial stability and personal fulfillment or “Salud, Dinero, y Amor” in Spanish. AARP also produces the nation’s largest circulation publications: AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPEnEspañol on social media.
About Latinos for A Secure Retirement
LSR’s mission is to safeguard the economic security of those dependent, now or in the future, on Social Security. We seek to protect and improve the economic security of disadvantaged and at-risk Hispanic populations in the United States. To learn more, visit www.latinoretirement.org or follow @LatinosRetire on social media.
About The Conversation
Latinos for a Secure Retirement and AARP are partnering to guide three discussions with experts. The conversations will be around benefits-access, economic awareness, and retirement readiness to help Latino families integrate financial planning and saving strategies to be financially secure now and the ongoing journey of creating generational wealth.
A recent U.S. Hispanic and Latino report by McKinsey & Company states that Latinos have the potential to add $1.6 trillion to the economy by 2030. But many latino families are not aware of the resources available to them and many are left wondering how to optimize their savings therefore more financial literacy is necessary in aims to educate and inform families how to incorporate a financial plan into their lives. The lack of generational knowledge and financial education has put the latino community far behind compared to Whites, for example more than 60 percent of Hispanic households are at risk of being unable to maintain their current standard of living in retirement, along with 54 percent of Black households and 48 percent of white households, according to the latest available data from the National Retirement Risk Index calculated by the Center for Retirement Research at Boston College. The need for these conversations is urgent because of the tremendous impact covid-19 had on latino households. Just before the pandemic, in 2019, Hispanic net worth increased to $36,100. The median net worth for White families ($189,100) is five times higher than that of Hispanics. By creating these cafecitos, many families will learn how to integrate financial planning and savings strategies by learning how to take advantage of sponsored employer retirement plans as well as understanding how having a background of financial literacy can help families with generational wealth.