Consumer confidence among U.S. Hispanics has seen a decline, with the Hispanic Consumer Sentiment Index falling to 85.7 in Q1 2025. This is a drop from 89.6 in Q4 2024, largely attributed to high borrowing costs, price pressures, and economic uncertainties like potential tariffs and recession fears. While the latest index shows a slight increase from Q1 2024's 85.3, it remains half-way between its highest (105.9 in Q3 2019) and lowest (68.3 in Q2 2024) points. Key foreboding factors include a decrease in optimism regarding financial prospects and overall business conditions.
"Persistently high borrowing costs and everyday price pressures - together with talk of new tariffs and a possible recession - are weighing on household outlooks," Monica Escaleras, chair and director of initiative, said in a statement.
The first quarter 2025 result of 85.7 is marginally higher than it was in the first quarter of 2024, when it stood at 85.3.
The highest it has ever been is 105.9 in the third quarter of 2019. Lowest was 68.3 in the second quarter of 2024, Escaleras said via email.
There were declines in three forward-looking components of the index: thinking that a year from now families will be better off financially dropped to 64%, decreasing by 6 points.
#hispanic-consumer-sentiment #economic-outlook #consumer-confidence #florida-atlantic-university #financial-trends
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