Last week a new poll was released by the National Council of La Raza and Latino Decisions showing that Latinos are still feeling the effects of the recession even though the economy has been improving. Despite their worry about the economy, Latinos are still optimistic about achieving the American dream.
Some of the key findings from that poll include:
- Only 37% of Latino voters say that their personal finances have improved over the last five years, while 25% of Latino voters say that things have become worse for their personal finances and 37% say that things have remained the same.
- 53% are somewhat or very concerned that someone in their household will lose their job and be unemployed
- Half of those polled in the last year have worried that they don’t have enough money to pay their monthly bills on multiple occasions
- 58% of all Latino voters think that home ownership is a principle of the American dream, with 58% of immigrant voters thinking that home ownership is a key part of the American dream
- 67% of Latinos polled are concerned that they don’t earn enough money at work to cover their basic expenses
- 65% of those polled are concerned that their job doesn’t provide enough career advancement
Essentially, this poll illustrates that Latinos, who were among the hardest hit by the recession, are still suffering the effects of the economic downturn.
Photo Credit: Elvert Barnes via Flickr