by the numbers
Houston residents rank economy as biggest problem, new Kinder survey shows
In a recent survey, more than 20 percent of Houston-area residents said their financial status was worse than it was 12 months earlier. Photo via Getty Images
The region’s economy tops the list of concerns of Houston-area residents surveyed by Rice University’s Kinder Institute for Urban Research.
Respondents in the Kinder Houston Area Survey, which questioned nearly 9,000 residents of Harris, Fort Bend and Montgomery counties, cite the regional economy as the area’s “biggest problem.”
Shrinking confidence in job opportunities and growing household financial pressures fueled the grim economic outlook:
- The share of residents rating job prospects as “good” or “excellent” fell by more than 25 percentage points, the sharpest single-year decline since the 1980s.
- Seventy-nine percent of those earning less than $25,000 said they’d be unable to cover an unplanned $400 expense. That was up from 72 percent last year. In the $50,000-to-$99,999 category, the figure was 39 percent, up from 30 percent last year.
- More than 20 percent of residents said their financial status was worse than it was 12 months earlier.
“These challenges were particularly notable among lower- and middle-earning households,” according to a report about the survey.
Dan Potter, co-director of the institute’s Houston Population Research Center, says the annual survey “provides community leaders and the public with a map of where we’ve been on key issues, where we are now, and what’s of looming importance. It allows everyone to work together toward a better future for our city and our region.”