Hispanics’ confidence in the country’s economy and optimism about their own financial situation are on the rise, as is discontent with President Donald Trump, according to a survey released today.
The last quarterly index (April-June) of the Hispanic Consumer Confidence (CSI) reached 94.8, almost five points more than the first quarter of 2017, according to the Economics and Business Survey (FAU BEPI) of The Business School of the University of Florida Atlantic, based in Boca Raton.
78% of Hispanics interviewed said they expect to be better off next year, compared to 60% in the previous quarter.
When asked how they would view the US economy in the next five years, 51 percent said they are expecting a prosperous era, up eight points from the previous quarter.
Similarly, 67% said that they are better off economically compared to the previous year.
Overall, 54% of Hispanics said business conditions in the United States will benefit over the next 12 months.
A little more than half (51.7%) believe that it is a good time to buy a house and 58.5% which is a good time to buy a vehicle.
According to the survey, conducted nationwide from April 1 through June 30 to a sample of 1,000 people aged 18 and over, President Trump’s level of acceptance among Hispanics has dropped by six points, 39 to 33%, between the first and second quarter of the year.
23% of respondents, with a margin of error of 3.5 percentage points, were identified as Republican, 40% as Democrat and 19% as independent.
18% said they were not registered as voters.
According to Census estimates, published on June 22, the US Hispanic population grew by 2% between 2015 and 2016 to 57.7 million people.