Hard to say. I read Homer when in college in Robert Fitzgerald's translation. After college, I learned a little bit of classical Greek, then worked my way through Clyde Pharr's Homeric Greek, which takes one through Book I of the Iliad, then later worked through the Odyssey and the Iliad.

My impression is that a fair number of people who went through liberal arts programs in college have read Homer in translation. But I've never taken a poll.

A classics professor I know says that all her department's graduates have job offers, because Latin has made a modest comeback. One child on my street attends a Latin charter school.