ERIC Number: ED411349
Record Type: Non-Journal
Publication Date: 1997-Jul
Reference Count: N/A
Index of Hispanic Economic Indicators.
National Council of La Raza, Washington, DC.
One in 10 Americans is of Hispanic origin, and Census projections show that in about 10 years, Hispanics will constitute the largest minority group in the United States and, by 2035, 1 in 5 Americans will be Hispanic. This survey of leading and lagging indicators of economic well-being shows that on several measures, Hispanics have demonstrated economic stability and even some upward mobility. Latino men are more likely than any other group to be working or looking for work, and Hispanic women have increased their participation in the work force over the last decade. In the past 5 years, both the number of Hispanic-owned businesses and the total dollars spent by Latinos in the economy have increased significantly. At the other end of the economic spectrum, a substantial proportion of Latino families face serious economic challenges. Hispanics have the lowest levels of educational attainment of all Americans, and in 1995, Latinos were the only group to experience a 5.1% drop in median income. Household income among Hispanics is currently only about two-thirds that of White household income. Hispanics are the poorest of all the racial and ethnic population groups in the United States, and the largest share of the increase in poverty among Hispanics has been for two-parent households. Another concern is that the proportion of Hispanics who have no health insurance is substantial. This is, in part, explained by the fact that Hispanic workers tend to be in low-wage, low-growth jobs, and consequently are especially likely to spend a large share of their income on rent. The typically low socioeconomic status of Latino immigrants affects the overall profile of Hispanics, but it does not fully account for these striking disparities, since the majority of Hispanics are not immigrants. (Contains 21 references.) (SLD)
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: National Council of La Raza, Washington, DC.