On Shaky Ground: Poll of Latino Views on the Economy

LATINO VIEWS TOWARDS THE ECONOMY ______________________________

July 21, 2014

Latinos and the Economy 

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Many economists now say the Great Recession is over, when looking at aggregate national growth data Not all segments of the American population have rebounded with the same success Considerable economic challenges continue to exist within the Latino community Latino voters want the government to implement policies to help improve their financial situation

New Poll of Latinos & the Economy   

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On behalf of the National Council of La Raza National survey of Latino registered voters Available in English or Spanish, at discretion of each respondent N=500 total completes, +/- 4.3% MoE Out of the field July 10, 2014

Latinos and economic outlook A clear

Have your personal finances gotten better, worse, or stayed the same over the past few years

majority of Latino voters have not seen

Worse 25%

improvement in

Better 37%

their household finances Stayed same 37% Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Latinos and economic outlook How worried are you about...

A very large portion of registered voters are still deeply impacted by the recession

Might lose your home to foreclosure

33%

Might not have enough money to pay basic bills

50%

Someone in household might lose job

53% 0%

10%

20%

30%

40%

50%

60%

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Latinos and economic outlook How worried are you about...

A very large portion of registered voters are still deeply impacted by the recession

Might lose your home to foreclosure

33%

Families with kids in the household 40%

Might not have enough money to pay basic bills

50%

Someone in household might lose job

53% 0%

10%

20%

30%

40%

50%

54%

58% 60%

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Latinos and economic outlook How worried are you about...

As compared to 2011, Latinos still express significant concerns over the economy

During Recession

Today 37%

Might lose your home to foreclosure

33%

51%

Might not have enough money to pay basic bills

50%

71%

Someone in household might lose job

53% 0%

10%

20%

30%

40%

50%

60%

70%

80%

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

THE AMERICAN DREAM

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Latinos optimistic about American Dream Will you achieve the American Dream?

Overwhelming support among Latinos for achieving the American DREAM

72% optimistic

Will reach it in my life, 36% Already reached it, 36%

Will not reach, 18% Don't know, 10%

Source: Latino Decisions/impreMedia Tracking Poll, April 2011

Achieving the American Dream Which is part of achieving the American Dream 100%

95%

80%

58% owning home

60% 40%

85%

Foreign-born Latinos are the most likely to agree:

53%

61%

68% owning business

20% 0%

Owning your own home

10

Owning your own business

Creating Being treated opportunities for equally no matter our children your background

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Barriers to achieving the DREAM Concern about not earning enough to pay basic expenses

Very conerned, 38% Not at all concerned, 18% Not very concerned, 14%

Somewhat concerned, 29%

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Barriers to achieving the DREAM Concern about not earning enough to pay basic expenses

Very conerned, 38% Not at all concerned, 18% Not very concerned, 14%

Somewhat concerned, 29%

Concern about lack of career advancement opportunities

Very conerned, 34%

67% 65% concerned

Somewhat concerned, 31%

Not at all concerned, 19% Not very concerned, 13%

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

LATINO VIEWS TOWARDS POLICY OPTIONS

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Making homeownership possible 

Government can do different things to help qualified people to buy a house. For each of these, tell me if you think this policy would be helpful or not helpful to people trying to buy homes.   

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Tax credits for homeowners Programs that make mortgages easier to obtain Homeownership counseling and education

86% 84% 84%

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Minimum Wage If your elected official voted for an increase in the minimum wage, would that make you more likely or less likely to vote for that person?

60% 50%

55%

+45%

40%

35%

30% 20% 10%

10%

0%

More likely

Less likely

No effect

Source: National Council of La Raza / Latino Decisions national poll of Latinos and the Economy, July 2014

Conclusion  

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Many Latinos are still struggling with the recession Homeownership is a centerpiece of achieving the American Dream and economic stability Latino voters want the government to implement policies to help improve their financial situation Politicians who support increasing the min wage and access to homeownership will win over Latinos

Thank you!

July 20, 2014