Hispanics more confident in personal finances than in 2008, see better economic times ahead % who say their personal % who expect their family's financial situation is in financial situation to improve excellent/good shape lot" or "some >in the next improve year 51%
Latinos have become considerably more upbeat about their personal finances and optimistic about their financial future since the Great Recession, according to newly released results from a national survey of Latino adults. The survey also shows that Latinos have pulled even with the general U.S. population in their views of their personal finances and continue to outpace them on optimism about the future. However, community economic indicators show limited progress since the Great Recession.
Four-in-ten Latinos say their personal finances are in “excellent” or “good” shape, a 17 percentage point increase since 2008, when only 23% made a similarly positive assessment of their finances (the Great Recession began in December 2007). 1 By contrast, the share of all Americans who have a similarly positive view of their finances remained essentially flat during the same seven-year period (41% in 2008 vs. 43% in 2015).
The survey also shows that Hispanics are more upbeat in their financial expectations for the upcoming year than they were in 2008. About eight-in-ten Hispanic adults (81%) say they expect their family’s financial situation to improve in the next year, up from 67% who said the same in 2008. By comparison, the U.S. public is not as upbeat – 61% say they expect their family’s financial situation to improve, up from 56% who said this in 2008.
Hispanics more confident in personal finances than in  | 2008, see better economic times ahead  | % who say their personal  | % who expect their family's  | financial situation is in  | financial situation to improve  | excellent/good shape  | lot" or "some >in the next improve year  | Hispanic  | 81  | 73  | 76%  | 67  | 70  | General public  | 61  | 67  | 58  | 51%  | 56  | 43  | 41  | 43  | General public  | 38  | 40  | 31  | 33  | 24  | 23  | Hispanic  | RECESSION  | RECESSION  | 2004  | 2008 2011  | 2015  | 2004  | 2008 2011  | 2015  | Note: Shaded area marks the Great Recession, whichran from December 2007 to June  | 2009.  | Source: National Sunveyofl.atinos conducted Oct 21-Nov. 30 2015; surveys conducted  | Dec 8-13 2015; Oct. 24-28, 2012; Sept 12-16 2012; Dec 7-11. 2011: Dec 3-8 2008:  | Oct. 9-12, Increasingly 2008; Aug 5-10, 2004  | "Latinos 9-12, Increasingly 2008; Aug Confidentin 5-10, Persona Finances See Better Economic TimesAhead"  | PEW RESEARCH CENTER 