Total U.S. household wealth has trended upward over the last 15 years or so, but there is still great inequality along racial lines. According to federal data, the typical white family has almost five times the wealth of the typical Hispanic family. READ MORE AT PBS
economy (213)
Hispanic-Latinos view wealth as a holistic concept that includes money, good health, living a vibrant life, nurturing strong family relationships, and contributing to their community. While Hispanic-Latinos often define wealth as a means of creating independence and stability, many struggle with significant barriers along their path. Here are the barriers these investors faced, along with the strategies used to overcome them. READ MORE AT ETRADE
The American dream is to get an education, get a job, buy a home, and live the good life. When that dream becomes a reality, especially when you own a home, you likely will be able to build a nice nest egg and pass it on to your family. READ MORE AT FORBES
According to the U.S. Small Business Administration, Latino business ownership is growing at the fastest rate in three decades and is now at the highest level on record. The SBA said America's more than five million Latino-owned businesses employ nearly three million workers and contribute $800 billion to the U.S. economy each year. READ MORE AT NBC8
Latino-owned businesses are the fastest-growing segment of small businesses in the U.S., with over 5 million businesses owned by Latino/a entrepreneurs in the country, according to the Stanford Latino Entrepreneurship Initiative (SLEI). Though Latino business owners have solidified their role as strong contributors to American economic activity, they face a string of unique challenges compared to white, non-Latino business owners. READ MORE AT NBC NEWS
If you’re like a lot of people, you might have gone your entire career without ever asking for a raise. It’s surprisingly common for workers, particularly women, to wait for their employer to dole out raises rather than proactively requesting one.READ MORE AT NEW YORK MAGAZINE
Hispanics are leading a revolution in financial education. While traditional sources still play a role, social media is becoming a go-to for financial guidance. This enthusiasm for financial growth is encouraging and speaks to a community eager to take control of its future. READ MORE AT MONEYLION
Not everyone wants to be an entrepreneur. And not everyone can be an entrepreneur. Many people aren’t in a situation that allows them towork 80 hours a week with no guaranteed income. Entrepreneurs are willing to work harder than most people. They know it’s a marathon, not a sprint. What are the qualities that it takes to be an entrepreneur? READ MORE AT MS. CAREER GIRL
Americans aren’t staying on top of their wellness check ups and reports are saying it shows. Aflac’s 2024 Wellness Matters found that more people are waiting for a medical emergency to access care. For Latino Americans specifically, this survey provided critical insights on the barriers preventing Latinos from accessing preventative healthcare and a growing trend of relying on urgent care or emergency services to meet their primary healthcare needs. About 58% of Latinos use urgent care or the emergency room as their main source of care. READ MORE AT RECKON
Experts from Wharton and TIAA Institute discuss ways to improve financial wellness for Hispanic Americans, from college through retirement. Drawing insights from the TIAA Institute’s recent report, “The State of Hispanic Financial Wellness in the United States,” the conversation highlights key findings and explores potential solutions for closing the retirement and savings gaps disproportionately affecting Hispanic Americans.
The discussion delves into the state of financial wellness among Hispanic Americans, covering the behaviors, attitudes, and systemic challenges that shape financial outcomes for this community. READ MORE AT KNOWLEDGE AT WHARTON
In the United States, Bitcoin is seen more as an investment instrument. What many people in the U.S. don't know that Latinos are the ones who invest the most in cryptocurrencies. Then it's followed by Blacks and then Whites. In Colombia and Mexico, you're seeing a lot of activity in using cryptocurrencies for remittances, because it's faster, cheaper and sometimes safer. READ MORE AT THE LATIN TIMES
Though Latinas have collectively seen socioeconomic gains, their educational and economic circumstances are varied. Younger Latinas and U.S.-born Latinas, for instance, are more likely to report having a bachelor’s degree than older and immigrant Latinas, respectively. Though labor force participation rates have increased in the last two decades for Latinas overall, some are more likely to be employed or seeking work. READ MORE AT PEW RESEARCH CENTER
Latinos have grown at the second-fastest rate of any major racial and ethnic group in the U.S. electorate since the last presidential election. An estimated 36.2 million are eligible to vote this year, up from 32.3 million in 2020. This represents 50% of the total growth in eligible voters during this time.
Every year, about 1.4 million Hispanics in the U.S. become eligible to vote. READ MORE AT PEW RESEARCH CENTER
During the summer, when Hollywood produces blockbusters that cater to those on vacation from school and looking to beat the heat, Latinos are consistently the group that boosts box office success. In an industry coming under increasing pressure from streaming platforms and strikes, Hollywood’s Latino fans are the most avid moviegoers per capita in the U.S. READ MORE AT NBC NEWS
Over the past few decades, Latinos have become the largest racial or ethnic minority in the United States, making up nearly 20 percent of the country’s population. Despite that, many Latinos feel alienated by our medical system, due to cultural and language barriers, and a lack of Latino physicians — and those barriers can have a real impact on their overall health. READ MORE AT PBS
Yoloxochitl “Yolo” Lopez DeMarco is one of the many Hispanics in the Region who is taking her financial future into her own hands. Her company is among the 5 million Latino/Hispanic-owned businesses nationwide generating more than $800 billion in annual revenue, according to a report by the U.S. Department of the Treasury. READ MORE AT NORTHWEST INDIANA BUSINESS MAGAZINE
Building a diverse workforce representative of today’s homebuyers is more than just good business strategy, it’s a moral obligation for the housing industry. The demographics of first-time homebuyers in this country are shifting, with Latinos playing an increasingly significant role. READ MORE AT HOUSINGWIRE
While the number of Latinos — the nation’s largest minority group — graduating college has increased in the last two decades, they remain underpaid and underrepresented in the workforce, a reality that may require more Latinos in positions of power to facilitate change. READ MORE AT ASSOCIATED PRESS
Latino/a entrepreneurs continue to be a force for economic development in the United States: They own 4.7 million businesses that generate more than $800 billion annually. But they are not monolithic. A new report highlights the role played by women, immigrants, and new technologies in the growth of Latino/a-owned businesses. READ MORE AT THE STANFORD REPORT
According to a December 2023 report from the U.S Chamber of Commerce, despite headwinds from high inflation and a tight labor market, small business confidence was up at year-end and remains steady after the first quarter of 2024.
And that is good news for business owners, including the more than 600,000 Hispanic small business owners in Florida. The Sunshine State ranks as the second highest in the number of Hispanic small business owners.. READ MORE AT YAHOO FINANCE
