{"id":281397,"date":"2025-11-24T15:09:06","date_gmt":"2025-11-24T20:09:11","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/?p=281397"},"modified":"2025-12-19T14:01:28","modified_gmt":"2025-12-19T19:01:28","slug":"the-state-of-latinos-finances-outlook-experiences-preparedness-for-a-financial-downturn","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/race-and-ethnicity\/2025\/11\/24\/the-state-of-latinos-finances-outlook-experiences-preparedness-for-a-financial-downturn\/","title":{"rendered":"3. The state of Latinos\u2019 finances: Outlook, experiences, preparedness for a financial downturn"},"content":{"rendered":"\n

U.S. government data shows that Hispanics\u2019 financial situation has improved in some ways. Between 2023 and 2024, the median income of Hispanic households increased by 5.5%, and the poverty rate among Hispanics decreased from 16.6% to 15.0%.[10.numoffset=”10″ These are estimates published by the U.S. Census Bureau based on the 2024 Current Population Survey (CPS) and the 2025 CPS Annual Social and Economic Supplement. For more information, refer to the U.S. Census Bureau\u2019s reports \u201cIncome in the United States: 2024<\/a>\u201d and \u201cPoverty in the United States: 2024<\/a>.\u201d] <\/p>\n\n\n\n

Despite these improvements, nearly two-thirds of Latinos today say their own financial situation is in only fair or poor shape. Still, Latinos are fairly optimistic about their financial future: Half say they think their and their family\u2019s financial situation will improve in the coming year.<\/p>\n\n\n\n

These findings come from Pew Research Center\u2019s National Survey of Latinos, a nationally representative, bilingual survey including 4,923 U.S. Latino adults, conducted Oct. 6-16, 2025.<\/p>\n\n\n\n

This is the third of six detailed sections in a report on Latinos\u2019 views of Trump\u2019s second administration and their situation in the country. For Latinos\u2019 views of the U.S. economy, visit <\/em>Chapter 4<\/em><\/a>. For a summary of the report\u2019s findings, visit the <\/em>overview<\/em><\/a>.<\/em><\/p>\n\n\n\n

Most Latinos are downbeat about their finances, but many see better times ahead<\/h3>\n\n\n\n

As of October 2025, 63% of Hispanics rate their personal financial situation as only fair or poor, while 37% say they\u2019re in good or excellent shape. Despite most seeing their situation negatively, some also have hope for their financial future: Half (50%) say they expect their and their family\u2019s financial situation to improve, while smaller shares expect it to stay the same (33%) or worsen (17%).<\/p>\n\n\n\n

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Latinos\u2019 views of their finances have remained mostly negative since last year. However, the views of some partisans have shifted. Among Latinos, Republicans\u2019 and Republican-leaning independents\u2019 ratings of their finances have improved, while the views of Democrats and Democratic leaners are essentially unchanged.<\/p>\n\n\n\n

Today, Latinos\u2019 rating of their financial situation varies across other demographic groups:<\/p>\n\n\n\n