A comprehensive survey by Consolidated Credit reveals that Hispanic Americans are increasingly focused on financial stability, with 66.67% prioritizing debt elimination in 2025—a significant increase from 50.8% in 2024.
The survey of over 400 participants shows a promising trend in debt reduction. Credit card debt among Hispanics has slightly decreased, falling from 87.7% in 2024 to 83.22% in 2025. The distribution of debt has also shifted, with more individuals reporting lower debt amounts and fewer carrying high-balance debts.
Respondents are employing diverse strategies to manage their financial health. Forty-one percent are exploring debt consolidation programs, while 30% are focusing on consistent payments and budgeting. This proactive approach demonstrates increasing financial literacy within the community.
However, significant challenges persist. Job loss remains the primary concern, with 42.66% of respondents worried about employment stability. Inflation continues to impact financial well-being, with 35% citing high living costs as a major obstacle to economic progress.
The survey provides crucial insights into the economic resilience of Hispanic Americans, highlighting their determination to achieve financial independence despite systemic challenges. By prioritizing debt reduction and adopting strategic financial management techniques, the community is showing remarkable adaptability in a complex economic landscape.
