4 Sites With Financial Advice Targeted to Hispanics
NEW YORK (
) -- The U.S. Hispanic population is growing, and significantly so.
According to the Pew Foundation
, the Hispanic population has grown to almost 52 million in 2011 from 35 million in 2000.
Of that 52 million, Pew says approximately 33 million are foreign born, or about 6% of the total U.S. population.
To newcomers of any nationality -- and America, after all is a nation of immigrants -- finding their way culturally and professionally is difficult enough. Add money to the mix and assimilating only grows more difficult.
Also see: Study Looks at Race's Role in Investing>>
Think about it: Newcomers to the U.S. deal with a new currency, a new language, a new banking and investing system with its own sets of rules and regulations and a new tax system that, no doubt, changes the way immigrants look at money management.
For the growing Hispanic population, a quick and effective path to great personal finance skills is all about education, which is what's offered by the Washington, D.C.-based
Alliance for Investor Education
, a consortium of U.S. finance-related groups that includes foundations, nonprofit organizations, associations and governmental agencies.
More specifically, the AEI is out with a list of the best available money management resources for U.S.-based Hispanics. The list is culled primarily from the AEI's list of member financial services organizations.
Also see: Hispanics' Lack of Savings Could Spark Crisis>>
Here are some savings and investing resources for Hispanics that made it on the AEI list (with a more detailed list
in Spanish):
The Ballpark E$timate en espanol/Ballpark E$timate in Spanish -- American Savings Education Council/Employee Benefit Research Institute
-- The AEI describes the site as "an easy-to-use, two-page worksheet that helps you quickly identify approximately how much you need to save to fund a comfortable retirement."
-- This website, from the National Futures Association, warns Hispanics new to the United States about some of the more onerous financial and investment
out there -- and how to sidestep them.
Declaracion de los deroches de los inversionistas/Statement of Investor Rights
-- The CFA provides Hispanics a helpful guide on how to deal with a professional financial services provider and details the code of conduct those providers must adhere to when dealing with financial consumers.
Sitio web de Hispanic America Saves/Hispanic America Saves Website
-- The Hispanic America Saves site, sponsored by the Investment Company Institute and FINRA Education Foundation, advises Hispanic financial consumers on how to open a bank account, craft a good household budget and start saving and investing for the long haul.