Eight in 10 Hispanics expect their family’s financial situation to improve over the next four years compared to only 68 percent of the general public, new research shows.
These results are among the findings from a new national survey conducted by New York Life Insurance Company and Ipsos Public Affairs, a global survey-based market research company. Based on telephone interviews with Hispanics ages 18 and older, the survey assesses how Hispanics perceive their family’s financial protection surrounding the current economic climate.
More than eight in ten (84 percent) of Hispanic adults surveyed expect their family’s financial situation to improve in the next four years. More precisely, six in ten (60 percent) strongly agree and 24 percent relatively agree.
Among respondents employed full time, over eight in ten (85 percent) also are confident about their current job security. Respondents also express confidence in their ability to retire without inconveniences.
Two-thirds of Hispanic adults surveyed are confident they will retire without drawbacks, compared to just half (52 percent) from the general population.