Page 24 - Synchrony US Hispanic Market Playbook
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HEALTH
US Hispanics are 1.6 times more likely to contract COVID-19 than non-Hispanic
counterparts, 2.5 times more likely to be hospitalized from the virus and 2.1 times
more likely to die from it*.
As of 2017, 25% of the adult Hispanic and Latino population under 65 was uninsured
(versus 8% of the White population), so access to healthcare and financial-related
frustrations are prevalent among these Hispanics**.
*https://www.cdc.gov/coronavirus/2019-ncov/covid-data/investigations-discovery/hospitalization-death-by-race-ethnicity.html
**McKinsey Report: “US Hispanic and Latino lives and livelihoods in the recovery from COVID-19”. September 2020.
EMPLOYMENT
According to a study conducted by Pew Research Center in March 2021*:
45% of Hispanics working in people-facing jobs have experienced a job or wage
loss since the start of the pandemic, versus 35% of those who work wholly or
mostly at home.
62% have had trouble paying bills, gotten food from a food bank, experienced
problems paying their rent/mortgage, received governmental food assistance,
had trouble paying medical care, received unemployment benefits or lost health
insurance.
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