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PewHispanic.org | Economics
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Founded in 2001, the Pew Hispanic Center is a non-partisan research organization supported by The Pew Charitable Trusts. Its mission is to improve understanding of the U.S. Hispanic population and to chronicle Latinos' growing impact on the entire nation. The Center does not advocate for or take positions on policy issues. It is a project of the Pew Research Center headquartered in Washington, DC.
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Through Boom and Bust
During the housing boom of 1995-2005, the nation's minority groups experienced greater gains than whites in homeownership rates. But in the market meltdown since then, homeownership rates have fallen more steeply for most minorities than for whites. Through both boom and bust, Hispanics and blacks have been far more likely than whites to receive higher-priced loans and carry higher debt relative to their incomes. Meantime, while immigrants have a substantially lower homeownership rate than the native born, they also have experienced a smaller decline in the rate during the market bust. The report also examines how demographic patterns are related to foreclosure rates across the nation's 3,141 counties.
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Hispanics and the Social Security Debate
This report examines the demographic and economic characteristics that define Latinos' stake in the Social Security debate as well as their views on major policy options. The topics covered in the report include: the impact of President Bush's proposals for individual investment accounts on various segments of the Hispanic population; Hispanics' reliance on Social Security compared with other racial and ethnic groups; and the role of Latino workers in helping finance the system as the Baby Boom generation heads to retirement. In addition a new public opinion survey of a nationally representative sample of the Hispanic population examines Latino views of President Bush's proposals and other issues in the policy debate.
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The Wealth of Hispanic Households
According to the study, the median net worth of Hispanic households in 2002 was $7,932. This was only nine percent of $88,651, the median wealth of non-Hispanic White households at the same time. The net worth of Non-Hispanic Blacks was only $5,988. Thus, the wealth of Latino and Black households is less than one-tenth the wealth of White households even though Census data show their income is two-thirds as much.
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Latino Labor Report, First Quarter 2004
The "jobless recovery" may have turned around, but gains for Latinos have not been widespread. Immigrant Latinos, especially the most recent arrivals, have captured the most jobs.
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Latino Labor Report, 2003
Latinos experienced substantial gains in the U.S. labor market in 2003. The number of Hispanics added to the employment rolls was twice as high as in 2002, and unemployment eased downward. For the first time since January 2000, Latinos experienced increases in employment that consistently outpaced their population growth in the United States.
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Jobs Lost, Jobs Gained
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Guest Workers
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The Socioeconomic Status of Hispanic New Yorkers
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The Impact of the 2001/2002 Economic Recession on Hispanic Workers
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Hispanic Economic Prospects Depend on Education and a Strong Economy
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Note...
How come some of the people shown on the left don't look Hispanic?Hispanic or Latino is not a race. There are Latinos of many different races and physical characteristics. For more information see our FAQ article, Why doesn't the census include Hispanic as a race?, and the Latino Blog post Let's Stop Segmenting People by Race!