African-Americans, Latinos more optimistic about economic future

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Thursday, August 01, 2013

African-Americans and Latinos are more likely than whites to believe they can improve their own standard of living, a new analysis shows.

The Associated Press-NORC Center for Public Affairs Research analysis shows that after years of economic attitudes among whites, African Americans and Latinos following similar patterns, whites' confidence in their economic future has plummeted in the last decade. Blacks and Latinos, meanwhile, have sustained high levels of optimism despite being hit hard in the recent recession.

The findings come as President Barack Obama seeks to promote a broader message of economic opportunity amid a rising gap between rich and poor. The AP reported this week that 4 out of 5 U.S. adults have struggled with joblessness, near poverty or reliance on welfare for at least part of their lives, with white pessimism about their economic future at a 25-year high. More than 40 percent of the poor are white.

Read more at OregonLive.com.

 

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