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Hispanic Americans Are Still Struggling In The Obama Economy

- September 24, 2014

FIVE YEARS INTO OBAMA’S PRESIDENCY HISPANIC INCOMES HAVE DECLINED WHILE POVERTY HAS GROWN

According To Federal Reserve Researchers, Hispanic Households Have Less Than A Quarter Of The Wealth Of Average American Households, Owning Only 2.2 Percent Of  All Wealth In The Country. “Hispanics make up 16.3% of the U.S. population, but own only 2.2% of its wealth. Hispanic households amassed $109,000 in wealth, on average, compared to $495,000 for all households in 2010, according to a recent report by St. Louis Federal Reserve researchers.” (Tami Luhby, “Hispanics’ Massive Wealth Gap,” CNN’s Money, 6/10/14)

Under Obama, Hispanic Incomes Have Declined

Hispanic Per Capita Income Has Declined By $281 In Obama’s Presidency. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Female Hispanics Have Seen Their Median Wage And Salary Income Decline By $272 Under Obama. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Male Hispanics Have Seen Their Median Wage And Salary Income Decline By $1,010 Since Obama Became President. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Hispanics 25-To-34-Years Old Saw Their Median Household Income Decline By $255 Under Obama. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Median Household Income Declined By $2,356 For Hispanics 35-To-44-Years Old Under Obama. (Current Population Survey, Census Bureau, Accessed 9/23/14)

45-To-54-Years Old Hispanics Saw Their Median Household Income Decline By $1,683 Under Obama. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Hispanics 55-To-64-Years Old Saw Their Median Household Income Decline By $1,320 Under Obama. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Hispanics Remain Overrepresented Among Americans In Poverty In Obama’s Economy

Despite Making Up Only 17% Of All Americans, “Hispanics Are Over Represented Among The Poor,” Including Hispanic Children Who Account For 37% Of All Children In Poverty. “Hispanics are over represented among the poor, making up 28.1% of the more than 45 million poor Americans and 37% of the 14.5 million children in poverty. Overall 17% of all Americans are Hispanic.” (Jens Manuel Krogstad, “Hispanics Only Group To See Its Poverty Rate Decline And Incomes Rise,” Pew Research Center’s Fact Tank, 9/19/14)

  • 28.1 Percent Of Americans In Poverty Are Hispanic, Increasing From 27.6 Percent Before Obama Took Office. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Poverty Among Hispanic Americans Has Increased From 23.2 Percent In 2008 To 23.5 Percent In 2013. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Hispanics 65-Years-Old And Older Have Seen Their Poverty Rate Increase To 19.8 Percent Under Obama, From 19.3 Percent. (Current Population Survey, Census Bureau, Accessed 9/23/14)

Labor Force Participation Among Hispanics Has Only Declined Under Obama

Since Obama Became President, Hispanic Labor Force Participation Rate Has Declined From 67.9 Percent To 66 Percent. (Current Population Survey, Bureau of Labor Statistics, Accessed 9/23/14)

The Number Of Hispanics Not In The Labor Force Has Grown By 2.7 Million Since Obama Became President. (Current Population Survey, Bureau of Labor Statistics, Accessed 9/23/14)


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