El Pasoans Take Part In Economic Survey
By ABC-7 Reporter Daniel Marin
EL PASO, Texas – ABC-7 teamed up with a company called e-Rewards Market Research to take a look at the economy through the eyes of El Pasoans.
A total of 297 borderland residents filled out online surveys between January 16th and 27th.
Maybe it’s the feeling of “change” in the air these days and the fact that a 47-year-old man now sits in the White House that leads us to our first finding:
Younger people are more optimistic about the economy than older people.
Forty-five percent of respondents between the ages of 18 and 34 say they think the U.S. can achieve a quick recovery. Only 37 percent of people ages 34 to 54 believe the same.
Another finding: 90 percent believe El Paso’s economy is either “better than” or “about the same” as the greater U.S. economy.
For a while there, it looked as though the Sun City sat alone in a bubble. But with unemployment now sitting at 8.3 percent and climbing, that bubble may soon burst.
How about this survey finding?: The higher the household income, the more likely a person is to believe the local economy is in better shape than that of the greater U.S.
Fifty-six percent of people clearing more than $75,000 a year said they think the local economy is better off than our nation’s. Only 35 percent of people earning between $25,000 and $50,000 would agree.
Then there’s the gender gap.
Our survey found women say they’ve been negatively impacted by the economy more than men.
Thirty-nine percent of men questioned said the economy is “very bad” or “concerning.” When women answered, the figure was 46 percent.
ABC-7’s results also found Hispanics are more optimistic about the economy than those who identified themselves as white (non-Hispanic.) Furthermore, Hispanics that speak only Spanish seem to be the most optimistic with 71 percent of those respondents saying they think the U.S. is already on the road to a speedy economic recovery.
The margin of error for the ABC-7/e-Rewards Market survey is 5.68 percent.
