What is the poverty rate among stateside Puerto Ricans?

Posted in the Puerto Rico Forum

Jorge

San Juan, Puerto Rico

#1 Nov 16, 2012
Is it way lower than the island's?
Jorge

San Juan, Puerto Rico

#2 Nov 16, 2012
If so, then given the same political powers as those in other states and enjoyed by stateside Americans, (franchised) islands' Puerto Ricans are able to raise our current economic and social reality.
Jorge

San Juan, Puerto Rico

#3 Nov 16, 2012
"....These changes in the settlement patterns of stateside Puerto Ricans between so-called traditional and new areas have resulted in a greater economic and social segmentation or polarization of this population along spatial lines. The Northeast, which in 2003 was home to 59.2 percent of stateside Puerto Ricans, was also where 88.5 percent of them receiving public assistance lived. The average household income in 2002 of $42,032 was the lowest of any major racial-ethnic group in the Northeast; this was the only region where it was lower than the national average for stateside Puerto Ricans. The Northeast was also the region where stateside Puerto Ricans had the lowest homeownership rate, 31.9 percent, aside from California (the two most expensive housing markets in the United States in general)...."

The stateside Puerto Rican community has usually been characterized as being largely poor and part of the urban underclass in the United States. Studies and reports over the last fifty years or so have documented the high poverty status of this community.[35] However, the picture at the start of the 21st century also reveals significant socioeconomic progress and a community with a growing economic clout.[36]

In 2002, the average individual income for stateside Puerto Ricans was $33,927,[citation needed] only 68.7 percent that of whites ($48,687) and below the average of Asians ($49,981), Cubans ($38,733) and Mexicans ($38,200).[citation needed] However, it was higher than that of Dominicans ($28,467), and Central and South Americans ($30,444).[citation needed] In 2002, there were an estimated 24,450 stateside Puerto Ricans with individual incomes of $100,000 or more, compared to 4,059 a decade earlier.[citation needed]

The combined income for stateside Puerto Ricans in 2002 was $54.5 billion. This exceeded the total personal income of Puerto Rico, which was $42.6 billion in 2000. This is a significant share of the large and growing Latino market in the United States that has been attracting increased attention from the media and the corporate sector. In the last decade or so, major corporations have discovered the so-called "urban markets" of blacks and Latinos that had been neglected for so long. This has spawned a cottage industry of marketing firms, consultants and publications that specialize in the Latino market.
Jorge

San Juan, Puerto Rico

#4 Nov 16, 2012
One important question this raises is the degree to which stateside Puerto Ricans contribute economically to Puerto Rico. The Puerto Rico Planning Board estimated that remittances totaled $66 million in 1963.[37] The only recent study that could be identified that examines the issue of remittances by stateside Puerto Ricans to Puerto Rico limited itself to migrants (those living stateside who were born on the island) and found that 38 percent of them indicated they sent money to Puerto Rico, averaging $1,179 per year per person (these are unpublished figures not included in the report that was released by DeSipio, et al. 2003). Using 2002 figures for island-born adult stateside Puerto Ricans, this would represent $417.8 million in remittances annually from that group alone. Since the island-born represented only 34 percent of the stateside Puerto Rican population in 2003, actual remittances from the entire community are probably more than double this number, possibly approaching or exceeding $1 billion a year. It is also important to keep in mind that these are family remittances and do not include investments in businesses and property in Puerto Rico, visitor expenditures and the like by stateside Puerto Ricans.

The average income in 2002 of stateside Puerto Rican men was $36,572, while women earned an average $30,613, 83.7 percent that of the men. Compared to all Latino groups, whites, and Asians, stateside Puerto Rican women came closer to achieving parity in income to the men of their own racial-ethnic group. In addition, stateside Puerto Rican women had incomes that were 82.3 percent that of white women, while stateside Puerto Rican men had incomes that were only 64.0 percent that of white men. Stateside Puerto Rican women were closer to income parity with white women than were women who were Dominicans (58.7 percent), Central and South Americans (68.4 percent), but they were below Cubans (86.2 percent), "other Hispanics" (87.2 percent), blacks (83.7 percent), and Asians (107.7 percent).

Stateside Puerto Rican men were in a weaker position in comparison with men from other racial-ethnic groups. They were closer to income parity to white men than men who were Dominicans (62.3 percent), and Central and South Americans (58.3 percent). Although very close to income parity with blacks (65.5 percent), stateside Puerto Rican men fell below Mexicans (68.3 percent), Cubans (75.9 percent), other Hispanics (75.1 percent), and Asians (100.7 percent).

Since: Dec 12

Location hidden

#5 Dec 12, 2012
Interesting, didn't know it was lower....good job btw

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