Today's guest post is by Jessica González-Rojas, Executive Director of the National Latina Institute for Reproductive Health and was originally published on December 6, 2012 at Fox News Latino.
How does the looming “fiscal cliff,” which threatens to raise taxes on just about everyone and reduce essential services, impact Latinas? Given that Latinas have barely been mentioned in the media firestorm about the looming budget crisis, it’s not surprising many of us aren’t thinking of this as one of our issues. But the stakes for Latinas and their families are disproportionately enormous.
Many Latinas already face a “fiscal cliff,” living month to month with no safety net. This includes families across the income spectrum, from poor to middle class families, who are just one mishap away from financial collapse, whether it be a job layoff or a sick child or the mundane roadblocks like a pricey car repair that means some months the ends just don’t meet. In fact, studies show that Latino families that self-define as middle class in reality have fewer financial resources than white families who consider themselves middle class. It is families like these, those at most risk of economic collapse, that will be most impacted by a “fiscal cliff” that raises taxes and eliminates essential services.