Chronicling Latinos diverse experience in a changing America

Transcription

1 Chronicling Latinos diverse experience in a changing America 1615 L Street, NW, Suite 700 Washington, DC (main) (fax)

2 About the Center

3 About the Pew Hispanic Center PHC established in 2001 Founding director: Roberto Suro Funded by The Pew Charitable Trusts A part of the Pew Research Center Purpose is to improve understanding of the diverse Hispanic population in the U.S. and to chronicle the growing impact of this population on the U.S. Fact tank, not a think tank

4 Areas of Study Demography Population estimates and projections, geographic dispersion Immigration Immigration trends, undocumented migration Economics and Labor kets Employment, income, wealth Education Enrollment, graduation rates, school characteristics Attitudes and Opinions National Survey of Latinos Politics, identity, discrimination, remittances

5 The Economic Downturn

6 Hispanics and the Economic Downturn Personal financial situation Unemployment rising Housing market downturn Changing economic behaviors Fewer remittances Less Spending

7 Rising Unemployment

8 Local Job Opportunities Hard to Find Percent of Latino Adults Plenty of jobs available Jobs are difficult to find All Hispanics 13% 78% Native-Born Hispanics Foreign-Born Hispanics.General U.S population 17% 10% 19% 73% 83% 73%

9 Have You Had Trouble Finding or Keeping a JOB in the Past Year Because of Hispanic Ethnicity? Percent of Adult Latinos No Yes All Hispanics 84% 15% Native born 90% 10% Foreign born 80% 19% Source: 2008 National Survey of Latinos.

10 Quarterly Unemployment Rate (seasonally adjusted) Percent Hispanics Non-Hispanics Note: The comparability of the data over time is affected slightly by annual revisions in the CPS methodology. Source: Bureau of Labor Statistics

11 The Monthly Job Loss Rate, Jan to t % 3.0% Hispanic Immigrants 2.5% 2.0% 1.5% All Hispanics 1.0% 0.5% All Workers 0.0% Jan. to Feb Jan. to Feb Jan. to Feb Source: Pew Hispanic tabulations of Current Population Survey data Note: Percent of workers employed in one month who are unemployed or discouraged in the next month.

12 Annual Flow of Migrants From Mexico to the U.S. and the Employment Rate in the U.S., 1990 to 2007 Thousands U.S. Employment Rate Percent Source: Pew Hispanic Center and Bureau of Labor Statistics Mexico to U.S. Migration Flow

13 Personal Financial Situation

14 Personal Financial Situation Today Excellent or Good Only Fair or Poor All Hispanics 23% 75% Native born 33% 66% Foreign born 14% 84% General U.S. Population 38% 61%

15 Personal Financial Situation in the Coming Year Improve Stay the same Get worse All Hispanics 67% 8% 16% Native born 67% 8% 18% Foreign born 67% 8% 14% General U.S. Population 56% 13% 27%

16 Housing Downturn

17 Within the last year 3% of Latino homeowners have received a foreclosure notice 9% of Latino homeowners have missed a mortgage payment 5% of Latino renters say they have lost their home due to foreclosure

18 Within the last year 8% of Latino homeowners have had a home equity loan denied 8% of Latino homeowners have had a home refinance application denied 10% of Latino renters say they have had a home loan application denied

19 Within the last year 47% of Latino homeowners, and 54% of the foreign born, say home value has declined Among those who say value has fallen, 53% say more than 10% 44% of Latinos say they have delayed or cancelled plans to buy a home or make a home improvement

20 Many Latino Homeowners Worry They May Lose Their Homes to Foreclosure Percent of Latino Homeowners A Lot or Some Not much or Not at all All Hispanics 37% 63% Native-Born Hispanics 25% 74% Foreign-Born Hispanics 53% 45%

21 Have You Had Trouble Finding or Keeping a HOUSING in the Past Year Because of Hispanic Ethnicity? Percent of Adult Latinos No Yes All Hispanics 90% 10% Native born 93% 6% Foreign born 87% 12% Source: 2008 National Survey of Latinos.

22 Changing Economic Behaviors

23 Sending Money Abroad in Past Year Percent of Latino Adults All Hispanics 36% Native born 17% Foreign born 54%

24 Size of Remittances Falls in 2008 Percent of Latino Adults who sent remittances More The same Less All Hispanics 10% 22% 68% Native born 19% 22% 59% Foreign born 7% 22% 71%

25 Change in Mexican Worker Remittances Mexico Workers' Remittances, Quarterly 2000:1 to 2009:1 (millions of dollars) 8,000 7,000 6,948 6,824 6,000 6,160 5,000 5,028 5,734 6,218 5,763 5,476 4,000 4,128 4,488 3,000 2,358 3,734 2,000 2,509 1,000 1, Note: Source: Pew Hispanic Center analysis of Mexican Central Bank remittances data.

26 Change in Mexican Worker Remittances Mexico Change in Workers' Remittances, Compared to Same Quarter of Previous Year (%) Note: Source: Pew Hispanic Center analysis of Mexican Central Bank remittances data.

27 Hispanics Changing Economic Behaviors Percent of Latino Adults Cut back on eating out Cut back on Xmas shopping Delayed/canceled plans to make major purchase Helped with loan Received loan 71% 67% 47% 28% 17%

28 2008 National Survey of Latinos

29 2008 National Survey of Latinos: Economics and Politics Conducted from Nov. 11 through Nov. 30, 2008 Only Latinos ages 18 and older interviewed 1,540 completed interviews Survey length: ~18 minutes Completed in Spanish, English or both languages Spanish only: 960 English only: 498 Both: 82 Landline only gin of error: +/- 3 percentage points

30 PHC Survey Methodology Latinos are 15% of the population = expensive to reach Utilize 5 strata (by general incidence of reaching a Hispanic household) For Landline phones 5 Strata: Surname Very high High Medium Low

31 k Hugo Lopez Associate Director Pew Hispanic Center (202)

32 Chronicling Latinos diverse experience in a changing America 1615 L Street, NW, Suite 700 Washington, DC (main) (fax)