Latinos see a brighter financial future, despite hurdles
Latinos are growing more optimistic about their financial future even though many are still struggling to get by, a new survey from the Pew Research Center has found.
According to the report, 81% of Latinos said they expect their personal finances to improve in the next year. That's up significantly from the 67% that felt that way in 2011 and much more optimistic than the 61% of the general public who said they expect their finances to improve in the upcoming year.
But it's Millennials who are the most optimistic, with 90% of Latinos below the age of 30 reporting that they expect their finances to get better in the next year.
"This is important because Millennial Latinos make up a large part of the Latino adult population, about 40% -- much larger than the 20% proportion that Millennials make up in the overall U.S. population," said Mark Hugo Lopez, director of Hispanic research at the Pew Research Center and one of the authors of the report.