The paper breaks fresh ground in retirement planning research with its sharp focus on trust in financial institutions and trust in government programs. The study also tracked metrics related to financial literacy, and how both trust and financial literacy vary by race and ethnicity. A second insight from the study was that those two forms of trust have opposite associations with retirement security. Here are the study’s key findings:People who trust financial institutions exhibit more financial behaviors conducive to retirement security, whereas those who trust government programs are less likely to save and invest for retirement. Compared to white people, Black and Hispanic people exhibit lower trust in people, trust in financial institutions, and financial literacy, yet they report greater trust in government programs.