Articles by Manuel Carvallo
How Latino Entrepreneurs Can Fight Intergenerational Poverty: The Impact of Retirement Plans
Hispanics in the United States have an estimated buying power of $1.4 trillion – about 10 percent of the country's buying power. Despite this economic clout, they lag behind in retirement savings. Traditionally, many have taken care of their elderly parents and, in turn, expect their children to do the same for them. Manuel Carvallo of Hispanic Wealth suggests it's time for the growing number of Latino entrepreneurs to take the lead by establishing retirement plans.
A Demographic Time Bomb: The Urgent Need to Prepare Undocumented Hispanic Immigrants for Retirement
The United States is home to some 11.3 million undocumented immigrants, mostly Latin American. These immigrants are aging, and whether they stay in the U.S. or return to their home countries, many are woefully underprepared for the financial burdens of retirement. The consequences of ignoring their retirement savings needs are significant – but so are the opportunities to reach them with financial products.