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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

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

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

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

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

More than 1.6 million Hispanics and Latinos are part of the military, including veterans, and 47% cite financial struggles as a top transitional challenge. The spouse of a Navy veteran is working to change cultural norms surrounding the topic of money.

Many military families who identify as Latino have cultural values like machismo, where males are predominately responsible for financial leadership in their family. READ MORE AT MILITARY FAMILIES MAGAZINE

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

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

While the gender pay gap persists for all women relative to their white male counterparts, it has long been widest for Latinas, who are paid 46% less than white men and 26% less than white women. One explanation offered for this gap has been that Latinas are more likely to hold low-wage jobs—but research indicates that those pay disparities remain in place among women who are more educated or work in more lucrative industries. READ MORE AT FAST COMPANY

The fastest growing Hispanic food company in the country, based in Central Texas, is helping empower and support Latino communities across the U.S. This year, Siete Family Foods is awarding a total of $300,000 to Latino-owned food and beverage establishments across the country, marking its biggest distribution to date. READ MORE AT MYSANANTONIO

Latinas are one of the most powerful women in the United States but it’s still an uphill battle when it comes to financial equality. Latina entrepreneurs create businesses 50x more than the national average and Latinas college rates have skyrocketed over the last 20 years. READ MORE AT HIP LATINA

The wealth gap between white families and their Black and Latino counterparts has widened by more than $1 million, according to a new analysis by the Urban Institute, a nonpartisan think tank that focuses on economic and social policy research. White families have a median wealth of $284,310, more than four times that of Latinos ($62,120). Additionally, the analysis found that the wealth gap widens with age — on average, white families accumulate more wealth over their lives than Latino families in the same age group. READ MORE AT THE LOS ANGELES TIMES

A new report examining Latino wealth in six U.S. states shows that New York — where Puerto Ricans and Dominicans make up the largest Latino ethnic groups — has the highest wealth disparities between Latino and white households. 

The Brookings Metro report shows that white households in New York hold 40 times the wealth of Latino households. That’s a stark contrast to Illinois — home to the smallest Latino-white wealth gap — where white households hold 1.9 times the wealth of Latino households. READ MORE AT LOS ANGELES

The first Hispanic American-owned banks in the mainland U.S. were established in the 1960s, one of the first being Centinel Bank of Taos. Hispanic American financial institutions were created to provide services to low-income and minority communities, particularly Hispanic American communities. Historically, Hispanic Americans have been affected by discriminatory lending practices like redlining and experienced limited economic opportunities to build wealth. READ MORE AT BUSINESS INSIDER

Latino-owned businesses are a dynamic and growing portion of the U.S.; with more than 5 million firms driving $800 billion in revenue, they represent a huge opportunity for the U.S. In fact, the number of Latino-owned businesses is growing 10x faster than white-owned businesses. READ MORE AT LATINO BUSINESS ACTION NETWORK

Half of Hispanic adults (50%) reported being very worried about having enough money for retirement, six percentage points higher than the response from the general population, according to LIMRA’s 2023 Insurance Barometer Study, but the owner of a Hispanic-run financial wellness platform says focused engagement with the Latino audience can help.

Approaching 70 million people, or nearly 20% of the U.S. population, Latinos present a significant opportunity for every sector, according to Finhabits’ 2023 “Power in Numbers” report. Yet efforts to capitalize on the wealth potential of this segment, which by the firm’s estimates will grow to $113 trillion by 2050, have so far fallen short. READ MORE AT PLAN ADVISER

The recently released 2023 Hispanic Wealth Report showed that more Latinos are making money, owning homes, and building generational wealth for their families. According to the report, 49.5% of the Hispanic population in the United States are now homeowners. That's on track to have 70% of all Latinos be homeowners by 2040. READ MORE AT WFTS TAMPA BAY

For Hispanic-Latinos, the drive to become financially successful isn’t just about accumulating wealth — rather, it’s driven by a strong feeling of responsibility to support our families and the Hispanic-Latino community. In A Merrill survey. 

Affluent Hispanic-Latinos in the Merrill survey were also four times more likely than the affluent general population to say that planning to assist aging parents financially is their most important financial goal. READ MORE AT ML.COM