AARP Hearing Center
Hispanic or Latina U.S. women ages 45 and older hold a deep concern for ensuring their financial security. While most agree that Social Security is one of the most important government programs, many have concerns about its low monthly pay out, long-term solvency, and more.
Key Findings
The majority (88%) of Hispanic/Latina women 45-plus say that Social Security is one of the most important government programs. Nine in ten say it is extremely or very important to have adequate Social Security benefits available in the future (96%), as well as having enough income or savings to retire (94%).
Social Security is a pressing issue for Hispanic/Latina women 45-plus. While the Social Security program itself is viewed as highly important, the amount of money paid out monthly ($1,752 on average) is considered too low by three out of four Hispanic/Latina women (77%). This sentiment is consistent regardless of age or political party.
Six in ten (67%) Hispanic/Latina women expect Social Security to be either a major part, or their only source, of retirement income in 2023, significantly higher than Hispanic/Latino men (60%) and up substantially since last year (58%). However, half (51%) of Hispanic/Latina women are not confident Social Security will be available when they need it.
Methodology
In October 2023, AARP engaged ANR Market Research Consultants to conduct a quantitative research study among U.S. residents age 45 and older. Topics included healthcare, prescription drugs, the economy, financial issues, retirement, Social Security, fraud, independent living, long-term care, caregiving, livable communities and opinions of AARP. Interviews were conducted between October 17, 2023 and November 16, 2023 with 415 Hispanic or Latina U.S. women age 45-plus by landline (8%), cell phone (7%), online (85%), and utilizing text-to-web (1%).
For more information, please contact Fanni Farago at ffarago@aarp.org. For media inquiries, contact media@aarp.org.
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