I. Overview Hispanics have grown more satisfied with the nation’s direction and more confident in their finances since 2011, according to a new survey from the Pew Hispanic Center, a project of the Pew Research Center. Today, half of Latinos (51%) express satisfaction with the direction of the country, a 13 percentage point increase over [...]
Several measures offer insights into Latinos’ economic well-being and the ways in which it has changed over time and how it varies among Latino sub-groups. The Center’s research documents trends in income, poverty, homeownership and wealth with an emphasis on the impact of business cycles. Our reports on remittances explore the massive flow of dollars that links Hispanic immigrants with their families back home.
Also see our statistical portraits, state and county databases, demographic profiles and Census 2010 tables for data on the characteristics of the Latino and foreign-born populations in the United States.
Nearly half (45%) of the nation’s Hispanic population lives in just 10 metropolitan areas and over 75% live in 60 of the largest Hispanic metropolitan areas, according to an analysis of Census Bureau data by the Pew Hispanic Center.
A majority of Latinos believe that the economic downturn that began in 2007 has been harder on them than on any other ethnic group in America.
The poverty rate for Hispanics was 28.2% in 2010, higher than it was for blacks, non-Hispanic whites or Asians, and higher than the official poverty rate for Hispanics, 26.7%, reported by the Census Bureau.
The spread of poverty across the United States that began at the onset of the Great Recession of 2007-2009 and accelerated last year hit one fast-growing demographic group especially hard: Latino children.
Median household wealth among Hispanics fell from $18,359 in 2005 to $6,235 in 2009—a 66% decline. This was larger than the decrease for black households (53%) and white households (16%), according to an analysis of newly-available Census Bureau data by the Pew Research Center’s Social & Demographic Trends project.
In the year following the end of the Great Recession in June 2009, foreign-born workers gained 656,000 jobs while native-born workers lost 1.2 million. As a result, the unemployment rate fell for immigrants while it rose for the native born.
A national survey finds that Latinos from ages 16 to 25 are satisfied with their lives and optimistic about their futures. They value education, hard work and career success. But they are more likely than other youths to drop out of school, live in poverty and become teen parents.
A Pew Hispanic Center report based on a new nationwide survey of Latino youths and on analyses of government data examines the values, attitudes, experiences and self-identity of this generation as it comes of age in America.
The boom-and-bust cycle in the U.S. housing market over the past decade and a half has generated greater gains and larger losses for minority groups than it has for whites, according to an analysis of housing, economic and demographic data.
The nation’s 11.9 million unauthorized immigrants are more geographically dispersed than in the past, according to a new demographic and geographic analysis of this group that includes population and labor force estimates for each state.
Almost one-in-ten (9%) Latino homeowners say they missed a mortgage payment or were unable to make a full payment and 3% say they received a foreclosure notice in the past year.
A small but significant decline has occurred during the current recession in the share of Latino immigrants active in the U.S. labor force.
The current economic slowdown has taken a far greater toll on non-citizen immigrants than it has on the United States population as a whole.
The number of Hispanic students in the nation’s public schools nearly doubled from 1990 to 2006, accounting for 60% of the total growth in public school enrollments over that period.
Due mainly to a slump in the construction industry, the unemployment rate for Hispanics in the U.S. rose to 6.5% in the first quarter of 2008, well above the 4.7% rate for all non-Hispanics.
Hispanics in the United States are feeling a range of negative effects from the increased public attention and stepped-up enforcement measures that have accompanied the growing national debate over illegal immigration.
Foreign-born Latinos, especially the newly arrived, were much less likely to be low-wage earners in 2005 than in 1995.
Hispanics and whites perform different types of work in the labor market. Moreover, the occupational divide between the two largest segments of the labor force appears to be widening.
The vast majority of undocumented migrants from Mexico were gainfully employed before they left for the United States. Thus, failure to find work at home does not seem to be the primary reason that the estimated 6.3 million undocumented migrants from Mexico have come to the U.S.
The Hispanic population is growing faster in much of the South than anywhere else in the United States.
Hispanic workers enjoyed significant gains in employment in 2004. But the concentration of Latinos in relatively low-skill occupations contributed to reduced earnings for them for the second year in a row.
Latinos have distinct demographic and economic characteristics that give them a unique stake in the debate over the future of Social Security.
The places Latinos live, the jobs they hold, the schooling they complete, the languages they speak, even their attitudes on key political and social issues, are all in flux.
Hispanic households have less than ten cents for every dollar in wealth owned by White households.
Although the cost of sending remittances is now much lower than in the late 1990s, the rate of decline has slowed markedly in the past three years.
Latino support for the war in Iraq and for President George W. Bush has surged since the capture of Saddam Hussein, but Latinos remain concerned about the condition of the U.S. economy and the long-term consequences of the war. In order to probe Latino views of the war, the economy, and the upcoming presidential race, the Pew Hispanic Center (PHC) conducted two national surveys of Latino adults. One took place in December 2003, just before Hussein’s capture, and the other in early January 2004
Central banks across the region are tracking remittance income more carefully which has somewhat boosted the numbers they report. Nonetheless, there seems little doubt that the remittance flow has continued to increase over the past two years even as the U.S. economy dropped from its boom time peaks. In 2000 remittances to Mexico, El Salvador, Guatemala, Honduras and Nicaragua–nations that receive almost all their money transfers from the United States–totaled some $10.2 billion. This year that figure could reach $14.2 billion or more, a flow of $39 million a day. By 2005 the sum, which does not capture all remittances to Latin America, will go beyond $18 billion, according to projections by the Pew Hispanic Center.
The purpose of this paper is to examine the potential impact of the current economic downturn on Hispanic workers and families, and analyze how prepared Hispanics are for the economic recession. The paper is divided into four sections: The first section briefly explores the progress made by Hispanics during the economic boom of the 1990s. The second section uses the experience of Hispanics in past economic downturns to predict how they will fare in the current economic slowdown. The third section analyzes how well prepared Hispanic workers are for the economic slowdown. The final section draws conclusions based on the first three sections.
The long-term effects of the recession will likely depress employment and incomes in Hispanic communities at least through the end of 2004, and judging from historical experience that time span will be longer than for any other major population group. Even if predictions of a turnaround later this summer prove valid, pocketbook issues will vex Latinos for several years after the national economy recovers. Second-generation Latinos–U.S.-born children of an immigrant parent– are now experiencing high job losses. In recent recessions Hispanic unemployment has fallen hardest on low-skilled immigrants. This time, young people who are the products of U.S. schools are experiencing the highest unemployment rates among Latinos. Many work in skilled occupations, including managers, technicians and professionals, and many are in the early years of household formation. Prolonged joblessness could prove a historic setback for them, their communities and the nation.