Not even a housing-led recession can shake Americans' faith in the blessings of homeownership.
Those who say their homes are worth less than what they owe on their mortgages are generally younger, less affluent and more likely to be Hispanic or African American than are those who feel they would at least break even if they had to sell today.
For the public, the continuing financial crisis has been overtaken by a jobs crisis; the proportion citing jobs or unemployment as the nation’s most important economic problem has more than quadrupled to 42% since early October and concern about job loss has climbed steeply among affluent Americans.
Job loss data reveal a rapidly worsening situation for foreign-born Hispanics, native-born Hispanics and blacks in the labor market.
States traditionally have been reluctant to cut school funding during hard times, but in the current severe downturn schools are not immune.
Latinos, especially the foreign-born, are feeling the sting of the economic downturn and, in some respects, even more so than the general population.
The current recession has seen a small but significant decline in the percentage of Latino immigrants active in the U.S. labor force; however, the absolute number of immigrant Latinos working or seeking work still increased slightly over the last year.
With calendar 2008 nearing an end, Stateline.org's annual state-by-state review of major accomplishments finds lawmakers girding for big spending cuts in 2009 and beyond.
Americans are concerned about the nation’s economic problems and they register the lowest level of national satisfaction ever measured in a Pew survey. But there is little indication that the nation’s financial crisis has triggered public panic or despair.
A week after President Bush signed a $700-billion bailout plan for Wall Street, the financial crisis has deepened in many state capitals with tight credit markets and new, pessimistic budget figures that pose the biggest threat to states' fiscal health in 25 years.