The poll's findings, released in a report on Monday, include data from the five largest racial and ethnic groups in the U.S. Altogether, more than 4,100 adults were interviewed between mid-May and mid-June of this year.
The poll finds that just about 14% of Black adults and 16% of Latino adults said they have ever received gifts or loans worth $10,000 or more from parents or older relatives."People are telling us from their own experiences that a really wide share are just barely making it," said Mary Findling, assistant director of the Harvard Opinion Research Program at Harvard T.H. Chan School of Public Health.
Generally, the poll did not find the same disparities between Asians and white adults as it did among Black, Latino and Native Americans. However, when just lower-income Asians were included — people who earn under $50,000 a year — 46% said they are facing serious financial problems. Specifically, nearly one-third of that subpopulation had serious problems paying the rent or mortgage and 28% had serious problems affording food.
Among U.S. households where anyone has been seriously ill, 24% of Black, 18% of Latino and 18% of white households said they were unable to get medical care for serious illnesses when they needed it in the past year. The figure is even higher, 35%, for Native Americans.Despite the financial troubles, the poll suggests many families still have high aspirations for their kids' futures.
Even the non-preferred classes suffer from inflation. Imagine that.
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