Young Whites More Pessimistic About Future Than Minorities: Study: White youths are more pessimistic about their economic future than young minorities, though black and Hispanic youth are more likely to be in a worse financial position right now.
Just 12 percent of whites between the ages of 18 and 34 believe that they will be better off economically than their parents, in contrast to 31 percent of young blacks and 36 percent of young Hispanics, according to a study by Demos, a progressive advocacy organization, and Young Invincibles released on Wednesday. Fifty-five percent of young whites believe that they will be worse off than their parents, compared to 40 percent of young blacks and 36 percent of young Hispanics.
