Hispanics and the Economic Downturn: Housing Woes and Remittance Cuts
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.
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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.
Overview Americans continue to render extremely bleak assessments of economic conditions, both with respect to the national economy and their own financial situations. Fully 92% of the public rates the national economy as only fair or poor, and a substantial majority (61%) judges their personal finances that way. Both measures are among the most negative […]
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.