Hispanics (1 - 5 of 5 items)
Retirement Security: Low Defined Contribution Savings May Pose Challenges
GAO-16-408: Published: May 5, 2016. Publicly Released: May 5, 2016.
An estimated 40 percent of all U.S. households had some retirement savings in a defined contribution (DC) plan, such as a 401(k) plan, in 2013, and account balances varied by household income and race in recent years, according to the most recent data from the Survey of Consumer Finances (SCF). The 60 percent of all households (and specifically the 44 percent of working households) without any DC...
Retirement Security: Trends in Marriage, Work, and Pensions May Increase Vulnerability for Some Retirees
GAO-14-272T: Published: Mar 5, 2014. Publicly Released: Mar 5, 2014.
The decline in marriage, rise in women's labor force participation, and transition away from defined benefit (DB) plans to defined contribution (DC) plans have resulted in changes in the types of retirement benefits households receive and increased vulnerabilities for some. Since the 1960s, the percentage of unmarried and single-parent families has risen dramatically, especially among low-income,...
Social Security and Minorities: Earnings, Disability Incidence, and Mortality Are Key Factors That Influence Taxes Paid and Benefits Received
GAO-03-387: Published: Apr 23, 2003. Publicly Released: Apr 23, 2003.
Although Social Security's benefit and contribution provisions are neutral with respect to race, ethnicity, and gender, concerns about the experiences of minority groups under Social Security focus on whether they benefit less than whites, particularly because of the shorter life expectancy of blacks. These concerns are related to the concept of equity, or how benefits compare with taxes. To gain...
Social Security and Minorities: Current Benefits and Implications of Reform
T-HEHS-99-60: Published: Feb 10, 1999. Publicly Released: Feb 10, 1999.
Pursuant to a congressional request, GAO discussed minorities and Social Security, focusing on: (1) how minorities currently fare under social security; (2) how they might be affected by some of the proposed changes in benefits to restore the program's solvency; and (3) how minorities might fare under a system restructured to include individual accounts.GAO noted that: (1) while social security's...
401(k) Pension Plans: Loan Provisions Enhance Participation But May Affect Income Security for Some
HEHS-98-5: Published: Oct 1, 1997. Publicly Released: Oct 1, 1997.
Pursuant to a congressional request, GAO: (1) determined the effects of pension-plan borrowing on participation in and contributions to 401(k) pension plans; (2) described the demographic and economic characteristics of workers who borrow from their pension accounts; and (3) identified the potential consequences for participants who borrow from their pension accounts.GAO found that: (1) plans that...