The effects of the mortgage crisis continue to make the U.S.’s Latino community very anxious. Both homeowners and renters are still being affected by the depressed housing market, unemployment and a slow economy, according to results of the most recent impreMedia/Latino Decisions poll.
The national poll revealed that even the most prosperous and integrated segment of the Latino population, citizen voters (who were the focus of the poll), are still afraid of losing their homes if they are unable to pay. This situation has changed what the so-called American Dream means to them.
As an example, 43% of renters and 37% of homeowners worry about losing their homes during the next year. Those who have not lost their homes have been affected by the crisis in other ways: 51% have used up all their savings to make their monthly mortgage payments, while 34% had to stop paying other bills to make their payments.
“For us, the most obvious result of this poll is that the mortgage crisis has seriously affected the Latino population, eating into family savings and generating anxiety that affects both homeowners and renters,” said Gabriel Sánchez, a political science professor at the University of New Mexico and an adviser for the poll.