Hispanic boomers cutting back retirement accounts

Hispanic boomers are almost evenly split in retirement confidence. A study by AARP found that 49 percent of Hispanic boomers said they were “somewhat confident” or “very confident” that they would be able to live comfortable through retirement; 48 percent said they had little to no confidence in their retirement.

While it seems at least some boomers are confident about their situation, that percentage is trending down. Forty-nine percent said they were less confident than they were two years ago, compared with only 14 percent who are more confident and 32 percent who feel the same way they did then.