Here’s a heads up for business owners in St. Louis and elsewhere: Wealth owned by Hispanic families could triple within 10 years, according to a study by the Federal Reserve Bank of St. Louis.
Most of the expected gain is population growth and will likely rise to a record high of 2.6 percent to 3.2 percent of all U.S. wealth, a hop from 2.2 percent in 2010.
Hispanics lost more than average families during the Recession, but stand to grow considerably faster than the average family through 2025, Bill Emmons and Bryan Noeth of the St. Louis Fed found. READ MORE
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