{"id":63376,"date":"2012-01-26T12:00:10","date_gmt":"2012-01-26T17:00:10","guid":{"rendered":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/2012\/01\/26\/ii-latinos-in-a-tough-economy\/"},"modified":"2024-04-14T04:11:51","modified_gmt":"2024-04-14T09:11:51","slug":"ii-latinos-in-a-tough-economy","status":"publish","type":"post","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/race-and-ethnicity\/2012\/01\/26\/ii-latinos-in-a-tough-economy\/","title":{"rendered":"II. Latinos in a Tough Economy"},"content":{"rendered":"
\"\"<\/figure>\n\n

The new Pew Hispanic survey finds that the sour economy has had a significant impact on Hispanics\u2019 spending and economic behaviors.<\/p>\n\n

Nearly half (49%) say they have delayed or canceled plans to buy a car or make some other major purchase in the past year. Some 45% say they have delayed or canceled plans to buy a home or make major home improvements. Nearly four-in-ten (38%) say they have cut the size of meals or skipped meals because there wasn\u2019t enough money for food. And 37% say they had trouble getting or paying for medical care for their family.<\/p>\n\n

For some behaviors, there are no differences between foreign-born Hispanics and native-born Hispanics. For example, immigrant and native-born Hispanics are equally likely to say they have delayed or canceled plans to buy a car or make some other major purchase\u201449% and 48%, respectively. And, when it comes to getting medical care for their family, nearly equal shares of foreign-born and native-born Latinos say they have had trouble getting or paying for it in the past year\u201438% versus 35%.<\/p>\n\n

On other behaviors, foreign-born Hispanics are more likely than native-born Hispanics to say they have changed. Nearly half (48%) of the foreign born say they have delayed or canceled plans to buy a home or make major home improvements, compared with 41% of the native born. And 43% of immigrant Hispanics say they have cut back the size of their meals or skipped meals altogether because of a lack of money for food. Among the native born, 33% say they have done this in the past year.<\/p>\n\n

Among foreign-born Latinos, those who are not U.S. citizens are more likely to have changed their economic behavior than other Latinos. For example, more than half (53%) of immigrant Latinos who are not citizens and not legal residents (a group that closely aligns with the unauthorized immigrant population[5. numoffset=”5″ The Center\u2019s analysis of Current Population Survey data indicates that approximately 98% of Hispanic immigrants who are neither U.S. citizens nor legal residents are unauthorized immigrants (Livingston, 2009<\/a>).]) and 49% of immigrant Latinos who are legal residents say they have cut back on the size of meals because of a lack of money for food. On getting or paying for medical care, 45% of immigrant Latinos who are not U.S. citizens and not legal residents and 43% of immigrant Latinos who are legal residents say they have had trouble getting or paying for medical care for their family in the past year.<\/p>\n\n

Personal Finances<\/h3>\n\n
\"\"<\/figure>\n\n

The difficult economy has also affected Latinos\u2019 assessments of their personal finances. According to the new survey, three-in-four (75%) Latinos rate their current financial situation as either \u201conly fair\u201d (51%) or \u201cpoor\u201d (25%). By contrast, among U.S. adults, fewer (61%) rate their current financial situation as \u201conly fair\u201d (37%) or \u201cpoor\u201d (24%).<\/p>\n\n

\"\"<\/figure>\n\n

Despite challenging economic conditions and difficult personal finances, Latinos are optimistic about their finances in the coming year\u2014more so than the general public. Two-thirds (67%) of Latinos expect an improvement in their financial situation and that of their family. By contrast, 58% of all adults say they expect to see an improvement.<\/p>\n\n

\"\"<\/figure>\n\n

Overall, foreign-born Hispanics hold a grimmer view of their personal finances than the native born. More than eight-in-ten (83%) foreign-born Hispanics rate their own financial situation as \u201conly fair\u201d or \u201cpoor\u201d while two-thirds (66%) of the native born offer the same rating. And when it comes to optimism about personal finances in the next year, fewer immigrant Hispanics than native-born Hispanics expect to see an improvement\u201463% versus 71%.<\/p>\n\n

Unemployment and Latinos<\/h3>\n\n

Many Latinos have experienced a spell of unemployment or know someone who has been unemployed. According to the new survey, nearly six-in-ten (59%) Latino adults say this has happened to their household in the past year. Among all U.S. adults, nearly as many said the same in March of 2011\u201451% (Kohut, Doherty, Dimock and Keeter, 2011<\/a>).<\/p>\n\n

Overall, native-born Hispanics and foreign-born Hispanics are just as likely to say their households have experienced unemployment in the last year\u201457% and 60% respectively. However, among the foreign born there are notable differences. Two-thirds (66%) of immigrant Hispanics who are legal residents and two-thirds (66%) of those who do not have U.S. citizenship and are not a legal resident say someone in their household was without a job or looking for work in the last year. By contrast, 54% of naturalized U.S. citizens say the same.<\/p>\n\n

Experience with unemployment varies across other Latino demographic groups as well. Seven-in-ten (70%) of those ages 18 to 29 have experienced unemployment in their households in the last year\u2014more than any other age group\u2014while 57% of Latinos ages 30 to 49, 57% of those ages 50 to 64, and half (51%) of those ages 65 and older say the same.<\/p>\n\n

The survey also reveals differences by educational attainment. Two-thirds (65%) of Latinos with less than a high school diploma say they or someone in their household has been without a job in the last 12 months. By contrast 53% of those with some college education say the same. Additionally, 60% of high school graduates also say they or someone in their household has been without a job in the last 12 months.<\/p>\n\n

Finally, household experience with unemployment is higher among Hispanics who are not registered to vote than it is among those who are registered\u201464% of the former say this compared with 53% of Hispanic registered voters.<\/p>","protected":false},"excerpt":{"rendered":"

The new Pew Hispanic survey finds that the sour economy has had a significant impact on Hispanics\u2019 spending and economic behaviors. Nearly half (49%) say they have delayed or canceled plans to buy a car or make some other major purchase in the past year. Some 45% say they have delayed or canceled plans to […]<\/p>\n","protected":false},"author":24,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"sub_headline":"","sub_title":"","_crdt_document":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","bylines":[{"key":"0d2fbca5f0e585caa3a415e41f3e9df0","termId":980},{"key":"69b2badaf729659b2c75a5c719ad803f","termId":929},{"key":"5f951b870a0977a672c6cd58fbe99791","termId":2171},{"key":"0944e8af52130e311315a42eb70e9e9e","termId":754}],"acknowledgements":[],"displayBylines":true,"relatedPosts":[],"reportMaterials":[],"multiSectionReport":[],"package_parts__enabled":false,"package_parts":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0,"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"footnotes":""},"categories":[],"tags":[],"bylines":[2171,929,980,754],"collection":[],"datasets":[],"level_of_effort":[],"primary_audience":[],"information_type":[],"_post_visibility":[],"formats":[458],"_fund_pool":[],"languages":[],"regions-countries":[],"research-teams":[523],"class_list":["post-63376","post","type-post","status-publish","format-standard","hentry","bylines-gabriel-velasco","bylines-mark-hugo-lopez","bylines-paul-taylor","bylines-seth-motel","formats-report","research-teams-race-and-ethnicity"],"label":false,"post_parent":63359,"word_count":862,"canonical_url":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/race-and-ethnicity\/2012\/01\/26\/ii-latinos-in-a-tough-economy\/","art_direction":false,"_embeds":[],"table_of_contents":[{"id":63359,"title":"Hispanics Say They Have the Worst of a Bad Economy","slug":"hispanics-say-they-have-the-worst-of-a-bad-economy","link":"https:\/\/alpha.pewresearch.org\/pewresearch-org\/race-and-ethnicity\/2012\/01\/26\/hispanics-say-they-have-the-worst-of-a-bad-economy\/","is_active":false},{"id":63376,"title":"II. 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