Hispanic Millennials Most Affected by Government Policies; Still Remain Most Optimistic
Despite burdens of government intervention, Hispanics Millennials continue to Work Hard
(Washington, D.C.) – Hispanics are the fastest growing demographic in the United States, and also the youngest with a median age of 28, a full 10 years younger than the nation as a whole. Some estimates say sixty-five percent of U.S. Hispanics are considered millennials and their opinions are shaping national policy discussions as well as the face of retail marketing.
Due to their young age, Hispanic millennials are disproportionately affected by government policies that have burdened their economic prospects such as the Affordable Care Act, also known as Obamacare. Hispanic millennial unemployment remains higher than the national average at 9.32 percent and 25.6 percent of Hispanics live under the poverty line. Despite all these disadvantages, a recent survey by Havas PR North America, found that young Hispanics remain more optimistic about their own future, the future of the United States and the future of the job market than their non-Hispanic peers.
Jorge Lima, Policy Director of The LIBRE Initiative, released the following statement:
"Hispanics have proven time and again that we're a resilient group who firmly believe that our future is greater than government dependency. While we continue to be among the hardest hit by this economic downturn, our community has the highest job participation rate of any demographic, creates businesses at twice the national average and contributes more than $468 billion to the U.S. economy each year.
In order to capitalize on that entrepreneurial spirit, government should lessen its grip on the economy and decrease its intervention in the private sector – encouraging a free market in which Americans flourish, innovate and drive job creation. When unrestrained by burdensome regulations, out-of-control taxation and unhindered by government cronyism, the free market benefits individuals who aspire, work hard and desire freedom."