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More than 60% Of Latinos In CT Don’t Have Access To Retirement Savings

 

Photo credit: http://www.cheatsheet.com

Photo credit: http://www.cheatsheet.com

Bill Sarno

CTLatinoNews.com

Currently, more than 600,000 state residents, including about 62 percent of Latinos compared to 38 percent of whites, do not have access to a retirement savings vehicle at their place of employment, according to statistics from Connecticut AARP, one of the chief advocates for  HB 5591bill, which is  winding its way through the state’s legislature.

According to Martin Cabrera Jr., chief executive officer of Cabrera Capital Markets, in his testimony for HB 5591 at a recent legislative public hearing, this amounts to roughly 94,000 Hispanics in Connecticut without payroll deduction plans at work.

The employment-based voluntary retirement savings measure could substantially brighten the ...

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Unique New Bike Shop Offers Hartford Teens Diverse Opportunities

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Photo credit: Chion Wolf

 

Bill Sarno

CTLatinoNews.com

The opening of a bike shop on Park Street in Hartford may be a few months off, but what is  happening at a two-room storefront a block west from South Green already is generating a lot of interest and enthusiasm in this Latino neighborhood and beyond.

For now, the closed and unadorned storefront, mostly occupied by used bicycles, and a sign reading “BiCi Co.” posted at the gated entrance to an adjacent alley that provides access to the shop’s back room, are the most visible indicators to passersby and visitors to the Center for Latino Progress upstairs that 97 Park Street is ...

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All In The Family – Part III : Latino Businesses Passing Torch To Next Generation

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Doug Maine

CTLatinoNews.com

The entrepreneurial drive of Latinos in the United States has been documented in many studies.  Most new businesses created by Latinos are small family-operated businesses, at least initially. In the case of those that are successful, the time may come when the founder of the business is no longer willing or able to manage day-to-day operations, or at least begins to think about that eventuality.

Often the assumption is that their one or more of their adult children will take the reins, and it often works out that way, but not always. Members of the next generation may have different interests or careers in other fields, ...

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