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The Boston Globe


Whites more pessimistic about finances than minorities

Gap in outlook is at widest point since at least ’87

WASHINGTON— Americans’ attitudes about their economic future are sharply divided by race, with whites significantly less likely than African-Americans or Hispanics to think they can improve their own standard of living. Indeed, optimism among minorities now outpaces that of whites by the widest margin since at least 1987, a new analysis shows.

The Associated Press-NORC Center for Public Affairs Research analysis shows that after years of economic attitudes among whites, African-Americans, and Hispanics following similar patterns, whites’ confidence in their economic future has plummeted in the last decade. African-Americans and Hispanics, meanwhile, have sustained high levels of optimism despite being hit hard in the recent recession.

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