SEARCH

Entries in Hispanics (2)

Sunday
Feb202011

Race and Recession: Poll Finds Those Hardest Hit Most Optimistic

Photo Courtesy - Getty Images(WASHINGTON) -- A new poll suggests that Hispanics and African Americans hardest hit by the recession are the most optimistic about their futures.

The new Washington Post/Kaiser Family Foundation/Harvard University poll found that African Americans are especially confident about their future finances compared to whites. Hispanics, although at a lesser level, are also more optimistic than whites following the economic downturn.

The survey found that although whites, on average, felt more secure with their finances than African Americans or Hispanics, their view of the nation's economic prospects was worse.

Twenty-three percent of whites said they were pessimistic about their futures, compared to 10 percent of African Americans.

Two-thirds of Hispanics said they believed they could get ahead with hard work, while just over half believed their financial situation would improve in the next year. A majority of African Americans, 62 percent, also believed their prospects would improve in the near future, compared to just 36 percent of whites.

Copyright 2011 ABC News Radio

Monday
Nov012010

Latinas Open New Small Businesses at Six Times National Average

Photo Courtesy - Getty Images(MIAMI, FL) -- Washington's emphasis on small business as the engine of the economy is not falling on deaf ears in the Hispanic community.  It's especially resonant with Hispanic women who are opening small businesses at six times the national average.

Nationwide, more than 750,000 businesses -- 37 percent of all Hispanic businesses -- are owned by Latinas and generate close to $50 billion in revenues, reports the Miami Herald.  It may be much more than a hunger for self-determination driving them.  It's an economic necessity that they take matters into their own hands.  Non-Hispanic women are making 79 cents for every dollar that a man makes, but 2009 U.S. Census data show Latinas earn 59 cents.

Its not easy.  Forty-two-year-old entrepreneur Irela Bague told the Herald she is always on the run. "My days are schizophrenic, but I'm a single mom and I own my own company and I'm the chair of a large charity in our community -- the Girl Scout Council of Tropical Florida -- and my days go from one thing to another.''

The Washington D.C.-based National Hispana Leadership Institute is bringing its annual conference and  Awards gala to  Miami Thursday and Friday.
Copyright 2010 ABC News Radio






ABC News Radio