Economy

FAU National Index Shows Hispanics Souring on Direction of U.S. Economy as Approval for Trump Drops to 31 Percent

mm — October 11, 2017 comments off

The Hispanic Consumer Sentiment Index (CSI), taken from July through September, stands at 92, down nearly three points from the second quarter of 2017, when FAU conducted its last quarterly survey of Hispanic consumers nationally. Only 23 percent of Hispanics said the economy was getting better, while the number of respondents who said things were getting worse continued to climb for the third straight quarter – from 16 percent in the first quarter to 22 percent in the second and 29 percent in the third.

Hispanics are still optimistic about their personal finances, however, with 65 percent saying they are better off than they were a year ago and 74 percent saying they will be better off over the next year. 

Overall, the percentage of Hispanics who thought it was a good time to buy a big-ticket item for their home fell three points to 61 percent. Only 53 percent thought it was a good time to buy a car, which is down 6 percent from the second quarter. However, perhaps in response to the expectations of high interest rates in the future – 50 percent of respondents expect interest rates to rise – nearly six in 10 Hispanics (58 percent) said it’s a good time to buy a house, up seven points from the previous quarter.

President Trump’s approval rating among Hispanics fell for the third straight quarter – from 39 percent in the first quarter to 33 percent in the second and 31 percent in the third. Of those surveyed, 16 percent identified themselves as Republicans, 52 percent Democrats, 19 percent Independents and 13 percent were not registered. 

The survey was conducted nationally July 1-Sept. 30. The random polling sample consisted of 1,000 Hispanics, 18 years of age and older, with a margin of error of +/- 3.5 percent. The survey was administered using both landlines via IVR data collection (44 percent) and online data collection (56 percent) using Survey Sampling International.

View original content with multimedia:http://www.prnewswire.com/news-releases/fau-national-index-shows-hispanics-souring-on-direction-of-us-economy-as-approval-for-trump-drops-to-31-percent-300534330.html

SOURCE Florida Atlantic University Business and Economics Polling Initiative

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.