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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

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Bridging the gaps for Latino health

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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

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Foreign-born Hispanic or Latino workers made up 8.2 percent of the employed U.S. workforce, but 14.0 percent of work-related deaths in 2021. Fatal injuries to this group were most prevalent in the field of construction, with falls, slips, and trips being the most frequent event leading to death. READ MORE AT U.S. BUREAU OF LABOR STATISTICS

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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

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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

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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

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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

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Hispanic small business outlook

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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

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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

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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

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Hollywood closes the door to Latinos

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Despite being the largest minority group in the United States, 19% of the population, Latinos are underrepresented in both the media and film and television productions. According to a study by the Annenberg Inclusion Initiative at the University of California, the data has not improved in the last 16 years. In nearly two decades, only 75 actors in lead or co-lead roles were Latino, which means that the representation of actors of Latino origin in Hollywood is only 4.4%. READ MORE AT EL PAIS

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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

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In 2023, there were more than 9.5 million Latino homeowners in the United States, according to a report by the National Association of Hispanic Real Estate Professionals®. In other words, about half of Latinos in the U.S. own their homes. In Chicago, that figure stood at around 43% in 2017, nonprofit Prosperity Now reported. READ MORE AT AUSTIN WEEKLY NEWS

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How Latino wealth varies by state

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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

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The COVID-19 pandemic significantly increased interest in wearable health-monitoring devices among low-income Hispanic and Latine adults living in the U.S., a new Northwestern University study has found. The study was published today (May 8) in the Journal of Medical Internet Research. While the pandemic highlighted the need for regular health monitoring, these groups often lack access to affordable health care and sometimes distrust existing health systems. Wearables, therefore, could provide a reliable, at-home alternative to traditional in-clinic health monitoring.

But, although interest has increased, several barriers remain that prevent these groups from adopting wearable technologies. According to the researchers, tech companies historically have designed current wearable devices with affluent, predominantly white users in mind. READ MORE AT NORTHWESTERN UNIVERSITY NEWS

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Latinos are making their mark in Houston and across the nation economically, according to the latest Metro Latino GDP Report. As of 2021, the Houston metro area is the second largest metropolitan statistical area in Texas. It’s also the fourth largest MSA in the nation by Latino population.

$581 billion - The Texas Latino GDP for 2021 matches the economic output of Michigan.

2.7 times - The Texas Latino GDP grew 2.7 times faster than the Non-Latino GDP from 2018 to 2021.

28.7 percent - Texas’ Latino population saw a growth of 28.7 percent from 2010 to 2021, compared to 12.9 percent for non-Latinos. READ MORE AT CLICK2HOUSTON

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History of Hispanic American-owned banks

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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

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