Latinos play a key role in economic growth as their buying power jumped to more than $1.7 trillion, according to a report from the University of Georgia. In 2020, the census pointed out a drastic national spike, with Latinos making up more than half of the population’s growth.
Their buying power is a driving force in economics as they reach closer to nearly $2 trillion, according to US Hispanic Market Report. READ MORE AT NBC10 NEWS
Florida is one of the many states in the U.S. whose name is Spanish in origin. “La Florida” which can be translated to mean “the flowering” references the beautiful flowers that grow and blossom here. Florida’s name is not the only mark that Hispanic people have left on the state, especially South Florida.
Although the arrival of Spanish-speaking people came long before the 1930s, most Hispanic contributions can be traced to large immigration groups of Cubans, Venezuelans and Nicaraguans. READ
A new study finds that both the labor market and the broader economy will become increasingly anchored by a young, dynamic population of Latino workers — a finding that has implications for everything from employers’ investment decisions to local economic diversification, to the functioning of critical social safety net programs.
According to the 2021 U.S. Latino GDP Report, Latinos have contributed close to three-quarters of the entire labor force expansion that has taken place since the Great
After losing 66 percent of their household wealth in the Great Recession, Latino homeowners could now be poised to lead the country's economic recovery.
Latinos have increased their homeownership rate for six consecutive years, according to a 2020 report from the National Association of Hispanic Real Estate Professionals. READ MORE AT NBC NEWS
Latinos drove the country’s demographic growth, shooting up to 62.1 million, the Census Bureau announced Thursday. One of the biggest findings is the big growth in Latinos who identified as more than one race, while the number of Hispanics who identified as white dropped significantly. READ MORE AT CNBC NEWS
Hundreds of thousands of Latinas dropped out of the workforce over the past year. They were not just temporarily unemployed — they were forced to completely leave the labor market due to a safety net that often proved inaccessible and inequitable during the pandemic. READ MORE AT CALMATTERS
Latinos in the U.S. were hard hit by the pandemic both financially and personally, but many feel generally optimistic that the worst is behind them, according to a new study by the Pew Research Center.
The study published on Thursday surveyed 3,375 Latinos in the U.S. in March. It comes as coronavirus infections are on the upswing in the U.S. again. READ MORE AT U.S. WORLD & NEWS REPORT
Amid the recent real estate bull market, one fact has been often overlooked: More than half of home ownership growth over the past decade has come from the Latino population. That trend is expected to continue. A study by the Urban Institute forecasts Latino buyers will comprise 70% of home ownership growth from 2020-2040, serving as the growth engine of American home buying. READ MORE AT CNBC
Consumer confidence among U.S. Hispanics fell in the second quarter, though optimism about their overall finances is building as the nation continues its recovery from the COVID-19 pandemic.
The Hispanic Consumer Sentiment Index decreased to 90.8 from 92 in the first quarter, but it remains high above the 82.8 during the second quarter of last year, according to the Florida Atlantic University Business and Economics Polling Initiative (FAU BEPI) in FAU’s College of Business. READ MORE AT FLORID
White men now make up the minority of business owners in the United States, a shift driven by fast growth in women- and LatinX-owned businesses, and one that has profound implications for the country’s finance and innovation infrastructure.
LatinX owned businesses have been growing at a rate of two- to-four times the rate of the overall population since 2015, when Porras’s organization began surveying them. He estimates that there are 1 million net new LatinX-owned businesses created every five
Even without the kind of spending on Latino turnout that some had hoped to see, they registered and voted in record numbers in the 2020 presidential election, according to a City University of New York study.
The election saw a dramatic rise in registration and voting by some 18.7 million Latinos, so that about 1 in 10 voters was Latino.. READ MORE AT NBC NEWS
Latinos were disproportionately hit by the pandemic — economically and in deaths and illness. Hispanics had just regained earnings and wealth at levels they had had before the Great Recession in 2008. Missing out on the aid could slow not only their recovery, but also the economic recovery. READ MORE AT NBC NEWS
Even in a pandemic that resulted in steep job losses, economic turmoil, and a cutthroat housing market, more Hispanic buyers successfully purchased homes last year. More than 600,000 Latinos bought a home with a mortgage last year—a 13% jump from 2019, according to a recent report by the National Association of Hispanic Real Estate Professionals.
For many Hispanic buyers, COVID-19 cemented their desire and accelerated their plans to become homeowners. Record-low mortgage rates also served as an
Unemployment rates for women of color exceed that of white women. Hispanic women had the highest rate of unemployment (20.2 percent) from mid-March to mid-April, an increase of more than 300 percent since February. READ MORE AT BECKER'S HOSPITAL REVIEW
The average revenue of Latino-owned businesses improved 46.5% in 2019, increasing to $479,413 from $327,189 in 2018, according to Biz2Credit’s annual study. Meanwhile, the number of credit applications from Latino-owned businesses increased by 23% over the past 12 months.
The study, which examined the primary financial information submitted by 3,000 Latino-owned businesses on Biz2Credit’s online platform, also revealed that while revenues climbed, the average credit scores Latino-owned business
Looking to make some money? Holiday hiring is underway.
Where? Brick and mortar stores, online retailers, and businesses that get busy during the holidays, such as hotels or restaurants.
So how to prep for the interview? Snag-a-Job says one of the top traits retailers want in seasonal workers is "flexibility." Both when it comes to your schedule and with what duties you're willing to do on the job. READ MORE AT ABC 7 NEWS
Hispanic adults in the United States have higher life expectancy compared to non-Hispanic whites and non-Hispanic blacks, two groups for which a trend of decreasing death rates has plateaued.
That's according to data released Tuesday by the National Center for Health Statistics in the Centers for Disease Control and Prevention. READ MORE DESERET NEWS
Forty-two percent (42%) of American adults either have owned a small business or want to do so.
A Job Creators Network/ScottRasmussen.com national survey found that 22% have already run their own business and another 20% would like to do so in the future.
Black and Hispanic Americans who have never run their own business are more interested in trying it than white Americans. READ MORE AT NEWSMAX
Aetna, Adobe, Dell and more companies are hiring remote workers
Remote work is in more demand than ever.
With more than 10 million Americans in need of unemployment benefits, the number of job losses will likely continue to rise in the coming weeks as more people are mandated to stay home to slow the spread of coronavirus. And the pandemic has put a renewed spotlight on jobs that can be done from home. READ MORE AT FOXNEWS
The Hispanic consumer may not be the first thing that comes to mind when thinking about the travel industry, but a deeper look into travel trends shows that they perhaps should be. READ MORE AT FORBES
