Hispanic Fanatic

Sometimes you take good news where you can.

So here’s your positive tidbit for the day: The nation’s poverty rate dropped significantly last year for the first time since 2006.

Yes, well, hip-hip hooray and all that.

The overall rate dipped from 15% to 14.5% (still pretty damn high).

That rate was pushed down primarily thanks to the efforts of Hispanics, who showed the most improvement. The rate for Latinos fell from 25.6% to 23.5%.

So instead of “over one-quarter of Hispanics live in poverty,” we can now say, “just under one-quarter of Hispanics live in poverty.”

Hey, I warned you that the good news was limited.

Among the reasons for the decline in Latinos’ poverty rate are the improved job market and the fact that more U.S.-born Latinos are entering the workforce. And remember that U.S.-born Latinos “tend to have more education [and] tend to be English-speaking,” which often leads to higher earnings.

Latinos were the only ethnic group to see a noticeable change in their poverty rate last year, but even with that, the percentage of destitute Hispanics is still substantially higher than it is for whites or Asians.

And while Latinos make up 17% of the American population, they constitute 28.1% of poor people.

Do you still feel like celebrating?

As I’ve written before, we Hispanics are known for our fierce work ethic.

Think of immigrants slaving away at grueling tasks that native-born Americans refuse to do. Or consider that last year, “the number of Latino entrepreneurs grew more than white, black, and Asian entrepreneurs.”

Yes, we sure like to work. It’s unfortunate, then, that so many Hispanics who reach old age have nothing to show for it. This is because “fewer than half of … Latino workers have retirement plans on the job, leaving the vast majority of them with no savings designated for their golden years.”

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Decades after James Brown first exhorted his brethren to say it loud (“I’m black and I’m proud), another group of oppressed Americans — gay people — adopted the idea and found resounding success in proclaiming their pride.

But African Americans, gays, and (presumably) gay African Americans are not the only people who are proud of their culture.

Latinos are well-known for bursting with pride for their heritage. However, while such expressions of ethnic boosterism are practically required on Puerto Rican Day, or during Hispanic Heritage Month, or — Lord help us — Cinco de Mayo, such statements often come across as just empty phrases.

After all, do we have good reason to be proud?

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A year ago, I wrote about how the Great Recession hit Latinos hard. At the time, I was hopeful that the worst was behind us. Perhaps that was my natural Hispanic tendency to be optimistic.

After all, Latinos “are worse off, but they are still more positive about where the country is going” compared to most Americans. In particular, “Latino small-business owners are among the fastest growing and most upbeat [groups] in the nation,” and they “worry less about job security and are more positive and humble.”

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