{"id":12540,"date":"2016-11-21T07:15:09","date_gmt":"2016-11-21T12:15:09","guid":{"rendered":"https:\/\/beta.pewresearch.org\/pewresearch-org\/short-reads\/%year%\/%monthnum%\/%day%\/latinos-made-economic-strides-in-2015-after-years-of-no-gains\/"},"modified":"2024-04-14T03:17:24","modified_gmt":"2024-04-14T08:17:24","slug":"latinos-made-economic-strides-in-2015-after-years-of-no-gains","status":"publish","type":"short-read","link":"https:\/\/beta.pewresearch.org\/pewresearch-org\/short-reads\/2016\/11\/21\/latinos-made-economic-strides-in-2015-after-years-of-no-gains\/","title":{"rendered":"Latinos made economic strides in 2015 after years of few gains"},"content":{"rendered":"
<\/a><\/figure>\n\n

Latinos made progress on household income, poverty and jobs in 2015 after years of little or no economic gains, but they have lagged in building personal wealth, according to a Pew Research Center analysis of government data.<\/p>\n\n

Hispanic real median household income was $45,148 last year, an increase of 6.1% over 2014, when median income stood at $42,540, the latest economic data from the U.S. Census Bureau<\/a> show. Over the same period, the real median household income increased by 4.4% for non-Hispanic whites, 4.1% for blacks and 3.7% for Asians. Even so, Hispanics still trailed non-Hispanic whites ($62,950) and Asians ($77,166) by significant margins on this measure.<\/p>\n\n

Hispanics also saw their poverty rate decline as household incomes rose. The Hispanic poverty rate stood at 21.4% in 2015, down from 23.6% in 2014, according to the Census Bureau. Non-Hispanic whites (9.1%) and Asians (11.4%) had far lower poverty rates than Hispanics in 2015, while that of blacks (24.1%) was slightly higher.\u00a0<\/p>\n\n

<\/a><\/figure>\n\n

These gains in income partly reflect an improved employment situation for Latinos. The Latino unemployment rate stood at 5.8% in the third quarter of 2016, down from 7.3% in the third quarter of 2014 and a peak of 12.8% in the first quarter of 2010. Nonetheless, Latino unemployment remains above its pre-recession minimum of 5.0% in the fourth quarter of 2006.<\/p>\n\n

While Latinos have made recent gains on income, poverty and employment, there has been little or no improvement in other areas. For example, the median net worth for Hispanic households<\/a> in 2013 ($13,700) declined after the end of the Great Recession in 2009, and trailed far behind that of whites ($141,900), according to the latest U.S. government data. Meanwhile, the Latino homeownership rate, currently at 47%, remains below its 2007 peak of 50%.<\/p>\n\n

<\/a><\/figure>\n\n

Latino registered voters rated the economy as one of the most important issues<\/a> to their vote in this year\u2019s presidential election, and the recent economic gains are reflected in the views they have about their own circumstances. In 2015, Latinos expressed growing optimism<\/a> about their immediate economic future and rated their personal finances more highly than in previous years, according to Pew Research Center\u2019s National Survey of Latinos.<\/p>\n\n

They have also remained upbeat about the economic upward mobility of their children. Roughly three-in-four Latinos in 2015 (72%) said their children will be better off financially than they themselves were at the moment. Only 5% said their children will be less well off in their lifetimes than they were.<\/p>\n\n

Correction: A previous version of this post overstated the current Latino homeownership rate.<\/em><\/p>","protected":false},"excerpt":{"rendered":"

Latinos made progress on household income, poverty and jobs in 2015 after years of little or no economic gains, but they have lagged in building personal wealth.<\/p>\n","protected":false},"author":302,"featured_media":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"sub_headline":"","sub_title":"","_prc_public_revisions":[],"_ppp_expiration_hours":0,"_ppp_enabled":false,"ai_generated_summary":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_cover_media_provider":"image","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_cover_video_id":0,"apple_news_cover_video_url":"","apple_news_cover_embedwebvideo_url":"","apple_news_is_hidden":false,"apple_news_is_paid":"","apple_news_is_preview":false,"apple_news_is_sponsored":"","apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"apple_news_api_pending":"1713063708","relatedPosts":[],"datacite_doi":"","datacite_doi_citation":"","_prc_seo_qr_attachment_id":0,"spoken_article_player_enabled":true,"displayBylines":true,"footnotes":"","prc_watchers":[],"_prc_fork_parent":0,"_prc_fork_status":"","_prc_active_fork":0},"categories":[234,232,239,152,155,238],"bylines":[890,629],"collection":[],"datasets":[],"_post_visibility":[],"formats":[467],"_fund_pool":[],"languages":[],"regions-countries":[515],"research-teams":[529],"workflow-status":[],"class_list":["post-12540","short-read","type-short-read","status-publish","hentry","category-business-workplace","category-economic-conditions","category-economic-inequality","category-hispanic-latino-demographics","category-hispanics-latinos-and-income","category-income-wages","bylines-antonio-flores","bylines-jens-manuel-krogstad","formats-short-read","regions-countries-united-states","research-teams-global-migration-and-demography"],"label":"Short Read","post_parent":0,"word_count":392,"canonical_url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/short-reads\/2016\/11\/21\/latinos-made-economic-strides-in-2015-after-years-of-no-gains\/","art_direction":{"A1":{"id":23489,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png?w=310&h=317&crop=1","width":310,"height":317,"chartArt":false},"A2":{"id":23489,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png?w=268&h=151&crop=1","width":268,"height":151,"chartArt":false},"A3":{"id":23489,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png?w=194&h=110&crop=1","width":194,"height":110,"chartArt":false},"A4":{"id":23489,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png?w=268&h=151&crop=1","width":268,"height":151,"chartArt":false},"XL":{"id":23489,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png?w=310&h=405&crop=1","width":310,"height":405,"chartArt":false},"social":{"id":23489,"rawUrl":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png","url":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-content\/uploads\/sites\/20\/2016\/11\/FT_16.11.15_latinoEconomicConditions_income.png?w=310&h=461&crop=1","width":310,"height":461,"chartArt":false}},"_embeds":[],"watchers":[],"table_of_contents":[],"datacite_doi":"","prc_seo_data":{"title":"U.S. Latinos made economic gains in 2015","description":"Latinos saw improvement in household income, poverty and jobs after years of little or no economic progress, but they lagged in building personal wealth.","og_title":"Latinos made economic strides in 2015 after years of few gains","og_description":"Latinos made progress on household income, poverty and jobs in 2015 after years of little or no economic gains, but they have lagged in building personal wealth.","schema_type":"Article","noindex":false,"canonical_url":"","primary_terms":[],"custom_schema":[],"og_image":23489,"indexnow_submitted_at":null,"gsc_index_status":null},"prepublish_checks":{},"apple_news_notices":[],"jetpack_sharing_enabled":true,"relatedPostsOrdered":[],"bylinesOrdered":[{"key":"68be3687e7b6a94f03af2e7112a7332b","termId":629},{"key":"e06b8358dbc8a5b2f532f312a5cf05e0","termId":890}],"acknowledgementsOrdered":[],"_links":{"self":[{"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/short-read\/12540","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/short-read"}],"about":[{"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/types\/short-read"}],"author":[{"embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/users\/302"}],"replies":[{"embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/comments?post=12540"}],"version-history":[{"count":2,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/short-read\/12540\/revisions"}],"predecessor-version":[{"id":102677,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/short-read\/12540\/revisions\/102677"}],"wp:attachment":[{"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/media?parent=12540"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/categories?post=12540"},{"taxonomy":"bylines","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/bylines?post=12540"},{"taxonomy":"collection","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/collection?post=12540"},{"taxonomy":"datasets","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/datasets?post=12540"},{"taxonomy":"_post_visibility","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/_post_visibility?post=12540"},{"taxonomy":"formats","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/formats?post=12540"},{"taxonomy":"_fund_pool","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/_fund_pool?post=12540"},{"taxonomy":"languages","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/languages?post=12540"},{"taxonomy":"regions-countries","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/regions-countries?post=12540"},{"taxonomy":"research-teams","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/research-teams?post=12540"},{"taxonomy":"workflow-status","embeddable":true,"href":"https:\/\/beta.pewresearch.org\/pewresearch-org\/wp-json\/wp\/v2\/workflow-status?post=12540"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}