The concerns aren't unfounded: Latinos are more likely than all other racial groups to have a spouse lose their job in the last year or have had a drop in household income in the last year, according to the survey.
WASHINGTON – Latinos are more likely than white, Black and Asian Americans to be worried about economic issues related to coronavirus as the nation continues to deal with the ongoing pandemic, according to a new survey.
“It's not just the case that young Americans are doing worse, although that's true. It's not just the case of lower income Americans are doing worse when it comes to these things, although that is true. But these … racial disparities, continue to exist even when you break down these things by both age and income,” Griffin said. “Communities of color, and particularly Latino Americans, appear to be hard hit right now.
56% of Latinos say they experienced a drop in household income in the last 12 months, compared with 43% of white Americans and and 45% of Black Americans. Asian and Pacific Islanders were the only ethnic and racial group that had a majority with 51%. A combined 85% of Latinos who make less than $50,000 said they've been very or somewhat worried about their personal finances in the last six months. Comparatively, 71% of white Americans at that income level say they are very or somewhat concerned. Among Black Americans at that income level, that number is 73% and among Asian and Pacific Islanders at that income level it's 78%.
However, Latinos in this income level didn't lead when asked if they had seen a drop in household income in the last 12 months.
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