National Press Releases
[2007] [2006] [2005] [2004] [2003] [2002] [2001] [2000]

PRESS RELEASE FROM AMERICANS FOR TAX REFORM
Contact: John Kartch ( jkartch@atr.org or 202-785-0266)

[View Printable Adobe Acrobat File]

7/25/05

Social Security Fact of the Day
Social Security cannot afford to pay all of the benefits it has promised. Beginning in 2017, it will run cash deficits that get bigger every year.

Hispanic workers have the double-edged problem of living the longest of any demographic group and having nearly the least amount saved for retirement. There is evidence, though, that making it easy to save for retirement can increase the participation of Hispanics in workplace retirement plans. According to a recent study by the Retirement Security Project, Hispanic participation in 401(k) plans increases from 19% to 75% when automatic enrollment is a part of the plan. Similar numbers are evident with female Hispanics and low-income Hispanics.

The system has a problem, and we need to fix it. Personal accounts are the solution.

Hispanics, Including Women and Low-Income, Want to Save More for Retirement
Source: The Retirement Security Project: Retirement Security for Latinos, July 2005

###
Americans for Tax Reform is a non-partisan coalition of taxpayers and taxpayer groups who oppose any and all federal and state tax increases.  For more information, or to arrange an interview with Mr. Norquist please contact John Kartch at (202)785-0266 or by email at jkartch@atr.org.