To better understand how the state’s Latin American population has been affected by the COVID-19 pandemic, the Colorado Organization for the Opportunity and Reproductive Rights of Latinas recruited BSP Research to conduct a survey in August. The survey collected responses from 1,000 Latino adults statewide, and full results will be released next month.
According to a press release, some of the early findings were that 60% of Latin American families have had their working hours or wages reduced, or that a member of their household has lost their job; 56% had difficulty paying their bills or utilities; 50% had difficulty paying their rent or mortgage; and 33% did not have enough to eat.
The statement said that Latinos on the West Slope were more likely to have difficulty meeting their basic needs, including about 40% who did not have enough food to eat and 64% who had difficulty paying rent or their mortgage.
To make up for cut or reduced paychecks, the press release reported that 34% said they used all or most of their savings to pay for their expenses and 19% said they had to skip a monthly payment of car, rent or mortgage. . About 20% said they postponed or reduced their health-related spending. The survey also found that 14% of respondents said they had moved or changed accommodation as a result.
The release said 42% of Colorado’s Latino population had $ 1,000 or less in savings for financial emergencies and 20% had $ 100 or less in savings. Overall, the survey indicated that 37% of Latinos in Colorado are “very confident” that they can afford basic expenses, such as food, shelter and utilities.
In order to make ends meet, the survey found that 19% of Latino residents on the West Slope “turned to payday or easy loan companies that charge high interest rates.”
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