A new survey by The Libre Initiative of U.S. Hispanics and Latinos tells a tale of shrinking confidence in the next generation of Hispanic Americans to be financially better off. A majority believe the persistent adverse economic conditions, the current unsustainability of government spending, government cronyism and the unfettered regulatory overreach are taking the country in the wrong direction and making the American dream less attainable.
Political sentiments aside for now, of fundamental concern is the negative outlook Hispanics now have of achieving the American dream and the shrinking prospects they have of opening up a business someday. Alarmingly, a majority (51 percent) say it is harder to open a business in America today compared to 4 years ago, and the data also shows that a majority (52 percent) now fear that the next generation will not be able to achieve the American dream. Similarly, a majority of respondents (51 percent) believe the country is headed in the wrong direction.