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economy has put 40% of Americans on edge |
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coleyounger666
V.I.P. Member Joined: January 22 2009 Status: Offline Points: 149 |
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Posted: March 12 2009 at 9:14pm |
this is what i see Latinos feel the strain , food is there major concern, because of there larger families. This is a scary scenario as the unemployment rises in the usa, large populations of Hispanics having food riots, looting in the large city's in the near future just too feed there belly's and mexico going into chaos, thus millions pouring across the border to raid farm fields here in the us
http://www.usatoday.com/money/economy/2009-03-12-economy-american-dream_N.htm Latinos feel the strain Among ethnic groups, Latinos were the most likely to be concerned, with 42% saying they worried about money the day before. Blacks were close behind, at 41%, while 35% of whites and 35% of Asians said the same. "Latinos are probably the most aspirational of all the groups in the U.S.," Frey says. During the last decade, "They got a foothold into the suburbs. They got a foothold into the housing market, and now it's all crashing down around them." From 2000 through 2006, the unemployment gap between Latinos and non-Latinos virtually disappeared, says Mark Hugo Lopez, associate director at the Pew Hispanic Center in Washington, D.C. As the recession has deepened, however, the gulf has returned. In February, the unemployment rate among Latinos was 10.9%, according to the Bureau of Labor Statistics. Only the rate among black workers was higher, at 13.4%. "A lot of the job losses have come in construction and ... among foreign-born Hispanics," Lopez says. "I think this uncertainty about jobs is partly what's driving this uncertainty about finances." In July, as Starbucks said it would close 600 of its shops and Congress began steps to bail out Fannie Mae and Freddie Mac, Marta and Alberto Torres of St. Louis began to have troubles of their own. At the factory where Alberto Torres worked, bosses started cutting overtime that added at least $400 a month to the family's income. By October, workers were being laid off. Marta Torres was relieved when her husband was spared. But she cannot keep her worries at bay. "Of course, whenever he tells me someone got laid off, we feel fear," says Torres, 39, who works as a program coordinator for Catholic Charities. "What if the next one is him?" Together, the couple bring home roughly $50,000 annually. They have bought groceries for friends who have lost their jobs. And they are helping struggling relatives in Mexico, including her father, who was diagnosed with cancer in December. "When things are bad here in the United States," Torres says, "they are worse there." |
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