New Research Reveals Community Involvement is Important to Hispanics’ Overall Well-Being

Lawndale News Chicago's Bilingual Newspaper - Business

Lawndale News Chicago's Bilingual Newspaper - Business

A new nationwide survey conducted by Massachusetts Mutual Life Insurance Company (MassMutual) concludes that Hispanics who are involved in their communities find it personally gratifying and empowering. Interestingly, a majority (78 percent) agree that community involvement is important to their well-being and almost half (42 percent) consider themselves community leaders. This new body of research — You Get What You Give: The MassMutual 2018 Financial Wellness and Community Involvement Study — examines the intersection of community participation and financial well-being and strongly demonstrates that community involvement strengthens confidence in financial security.

“Our research revealed that community involvement has financial and gratifying benefits,” said David Hufnagel, Latino market director, MassMutual. “Our company commitment is to help our communities secure their future and protect their loved ones.” The study highlights how Hispanics feel confident about their current financial well-being and have supported other members of their communities during financial stress. In fact, more than half (57 percent) report that they have supported someone in their community in a time of financial stress and 36 percent have been supported by others in their community during a time of need. Hispanics clearly are involved in a range of community activities. Most are involved in a community with their family (86 percent), friend group (70 percent), school related (66 percent) and children-related activities (62 percent). Visit massmutual.com for tangible tips for those interested in becoming more involved in their community as well as educational materials and tools to explore ways to build financial security, including an option to connect with a financial advisor.

Comments are closed.