Latino Poverty Rates in Decline, Household Financial Anxiety Remains High
New Census data is out which shows that Latinos’ hard work is translating into higher income and lower poverty. According to the data, there were 900,000 fewer Latinos, including 500,000 fewer Latino kids, who were living in poverty in 2013 compared to the year prior. The poverty rate is still alarmingly high at 23.5 percent for 2013, but the new data shows some improvement.
“We are pleased to see an improvement in these indicators of economic well-being. Half a million fewer Latino children in poverty is a testament to our community’s commitment to hard work and sacrifice,” said Vice President of Policy, Eric Rodriguez in a statement. “However, all American workers, including Latinos, would have experienced greater gains had it not been for the congressional choices that have stunted economic growth and slashed investments in education, housing and nutrition services. This austerity agenda, together with stagnant wages, has left too many working families without sufficient income or supports to meet their basic needs.”
You can read more in our analysis of the data, available below.
