African Americans and Asian Americans are unusually positive about an economic recovery, a MetLife survey found. Around half of members of these ethnic groups believe their financial situation in 2010 will be better than it was last year.
Only one-third of Hispanics feel the same, which is in line with America as a whole.
All Americans—African Americans and Asian Americans included—think a full economic recovery is at least three years away and are taking steps to shore up their household finances in the meantime. As with the country as a whole, around three-fourths of African Americans and Hispanics say they’re saving more and spending less than in the past, as are 63% of Asian Americans.