COVID-19 Economic difficulty will hit Latino seniors the most

COVID-19 has taken the lives of a disproportionate amount of Hispanics-Latinos in Connecticut and across the United States.

The Centers for Disease Control and Prevention paints a grim picture when it comes to the Hispanic population in the pandemic. Nationally, the CDC reported, 28% of those who have contracted COVID-19 are Hispanic-Latino, though they make up about 18% of the U.S. population. 

The coronavirus outbreak has significantly harmed the finances of U.S. Hispanics-Latinos. As the nation’s economy contracted at a record rate in recent months, the group’s unemployment rate rose sharply, particularly among Hispanic-Latinas, and remains higher among Hispanic-Latino workers than U.S. workers overall, according to a report by the Pew Research Center. With Hispanic-Latino households absorbing lost jobs and wages, many have said they may not be able to pay their bills. Yet even before the outbreak, Hispanics-Latinos were concerned about their economic situation despite near-record-low levels of unemployment through the end of 2019.


For Americans 60 and older, COVID-19 is widespread and deadly. Its economic impact could also be devastating, according to research by Marc Cohen, University of Massachusetts Boston, and Jane Tavares, University of Massachusetts Boston.

Given the pervasiveness of systemic racism in the U.S., it’s not surprising that older Blacks and older Hispanics-Latinos suffered the deepest financial declines during the 2008 recession.

In a conversation on ctpost, Cohen and Tavares share that older Hispanics-Latinos had almost twice the number of losses in net total wealth than non-Hispanic whites. They also had the highest increase in poverty, a 5.5 percentage point jump, more than any other demographic group.

The findings paint a grim picture of what may come from the pandemic: a recession likely to have a far greater impact than the 2008-09 downturn, especially on people of color older (POC) adults. Given that the unemployment rate among older POC Americans is already disproportionately high and that many have health conditions that make it difficult to work, their ability to change their financial situation is small compared to other groups.

As the United States locked down amid COVID-19, the unemployment rate for Hispanics-Latinos increased from 4.8% in February to a peak of 18.5% in April before dropping to 14.5% in June, nonseasonally adjusted. This exceeds levels from the Great Recession of 2007-2009, when the unemployment rate peaked at 13.9% in January 2010. Hispanic-Latina women have experienced an especially steep rise in their unemployment rate, which jumped from 5.5% to 20.5% between February and April 2020. By comparison, the unemployment rate for Hispanic-Latino men rose from 4.3% to 16.9% during this time. In June, the unemployment rate of U.S.-born Hispanics-Latinos (15.3%) was higher than that of foreign-born Hispanics-Latinos (13.5%), after the rates for both groups peaked at more than 18% in April.

While Hispanic-Latino residents make up 16.5% of Connecticut’s overall population, they only account for 7% of the roughly 25,000 people living in Connecticut’s nursing homes on any given day.

With an average age of 29 compared to 47 for whites, Hispanic-Latino residents are collectively the state’s youngest population and for that and other reasons, there are fewer of them in nursing homes. U.S. Census figures show only about 5.9-percent of residents of nursing homes and assisted living facilities are Hispanic-Latino, slightly less than the state’s 7-percent.

According to the Administration on Aging, U.S. Department of Health and Human Services: the population of Americans age 65 and older is expected to grow rapidly in the coming decades. The Hispanic-Latino population, in particular, is expected to make up an increasing proportion of those aged 65 and older in the coming years reports the U.S. Census Bureau.

CTLatinoNews.com (CTLN) partners with AARP Connecticut in best serving Hispanic-Latino residents in Connecticut. AARP CT has a local jobs portal to help seekers find new employment opportunities, and get career advice.

Related

42 thoughts on “COVID-19 Economic difficulty will hit Latino seniors the most

  1. I am no longer certain where you are getting your info, however great topic. I must spend some time learning more or working out more. Thank you for excellent info I was in search of this info for my mission.

  2. I discovered your blog website on google and verify a couple of of your early posts. Proceed to maintain up the superb operate. I just further up your RSS feed to my MSN Information Reader. Seeking ahead to studying extra from you later on!…

  3. I am not sure where you are getting your info, but great topic. I needs to spend some time learning more or understanding more. Thanks for fantastic info I was looking for this info for my mission.

  4. I think other website proprietors should take this site as an model, very clean and magnificent user genial style and design, as well as the content. You are an expert in this topic!

  5. Thanks for any other great article. The place else could anybody get that type of information in such an ideal means of writing? I have a presentation subsequent week, and I am on the search for such information.

  6. Thanks for some other fantastic article. Where else may anyone get that kind of info in such an ideal manner of writing? I’ve a presentation next week, and I am on the search for such info.

  7. With havin so much written content do you ever run into any problems of plagorism or copyright infringement? My website has a lot of exclusive content I’ve either authored myself or outsourced but it looks like a lot of it is popping it up all over the web without my permission. Do you know any techniques to help prevent content from being ripped off? I’d really appreciate it.

  8. Howdy, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you prevent it, any plugin or anything you can suggest? I get so much lately it’s driving me crazy so any help is very much appreciated.

  9. Hi there just wanted to give you a quick heads up. The text in your article seem to be running off the screen in Chrome. I’m not sure if this is a format issue or something to do with internet browser compatibility but I figured I’d post to let you know. The layout look great though! Hope you get the issue resolved soon. Cheers

  10. I have recently started a website, the information you offer on this website has helped me greatly. Thank you for all of your time & work. “If you see a snake, just kill it. Don’t appoint a committee on snakes.” by H. Ross Perot.

  11. I don’t even know how I finished up here, but I assumed this put up used to be great. I don’t recognise who you are but certainly you’re going to a famous blogger if you happen to aren’t already 😉 Cheers!

  12. Great post. I was checking constantly this blog and I’m impressed! Very helpful info specially the last part 🙂 I care for such information a lot. I was looking for this particular info for a long time. Thank you and best of luck.

  13. Great V I should definitely pronounce, impressed with your site. I had no trouble navigating through all tabs as well as related info ended up being truly easy to do to access. I recently found what I hoped for before you know it in the least. Quite unusual. Is likely to appreciate it for those who add forums or anything, web site theme . a tones way for your client to communicate. Nice task..

  14. Appreciating the persistence you put into your site and detailed information you provide. It’s nice to come across a blog every once in a while that isn’t the same unwanted rehashed information. Great read! I’ve bookmarked your site and I’m including your RSS feeds to my Google account.

  15. I like what you guys are up also. Such clever work and reporting! Carry on the excellent works guys I have incorporated you guys to my blogroll. I think it will improve the value of my web site :).

  16. Excellent site you have here but I was wondering if you knew of any community forums that cover the same topics discussed here? I’d really love to be a part of group where I can get feedback from other experienced people that share the same interest. If you have any suggestions, please let me know. Thanks a lot!

  17. I’ve been browsing on-line more than three hours lately, yet I never found any interesting article like yours. It’s pretty value enough for me. Personally, if all webmasters and bloggers made just right content as you probably did, the internet can be a lot more useful than ever before.

  18. I’m typically to blogging and i actually appreciate your content. The article has really peaks my interest. I am going to bookmark your web site and preserve checking for brand new information.

  19. Attractive portion of content. I just stumbled upon your weblog and in accession capital to claim that I acquire in fact enjoyed account your blog posts. Any way I will be subscribing on your augment or even I success you access persistently rapidly.

  20. I have been browsing online greater than 3 hours today, but I by no means discovered any interesting article like yours. It is pretty worth sufficient for me. Personally, if all website owners and bloggers made just right content as you did, the net will likely be much more helpful than ever before.

Leave a Reply

Your email address will not be published. Required fields are marked *