Millennial age groups – born mid 1980s to early 2000s – now have more money at hand than they have ever controlled before. And they are spending it, says Olivia Johnson, assistant professor in the Department of Human Development and Consumer Sciences at the University of Houston College of Technology.
Tech gear, cars, travel, fashion, furniture, houses, home security, insurance – everything young consumers might want and would likely need – form a retail turf being fought over by companies seek
Volunteering is in fashion around the holidays but many abandon it at year's end. And while it completely upended my professional life, I will owe my future career as a doctor to being a volunteer. Not everyone will change their profession as I did, but the power of volunteering is very real.
Still, oftentimes, the greatest barrier to being a volunteer is incorporating an activity into daily routines. A few of my favorite tips follow:
SPRINGFIELD – Workers in Illinois who participate in the Secure Choice retirement savings program have set aside more than $90 million of their own money for their retirement, Illinois State Treasurer Michael Frerichs said today.
The accomplishment signals a growing recognition that workers understand Social Security will not provide enough income after their working days are over and reflects data that shows workers are more likely to save for retirement if they can do so through workplace pay
Inflation and rising interest rates will affect the South Florida real estate market in 2023, but it will still remain strong thanks in part to foreign buyers, mainly from Latin America, who were number one in 2022, according to specialists consulted by EFE. READ MORE AT EL AMERICAN
Jobs in STEM and media employ the least amount of Hispanic and Latinx workers, according to Credito en USA, a Spanish language personal finance insights platform. The company analyzed the 2021 data from the Bureau of Labor Statistics in order to identify the most underrepresented job titles for Hispanic and Latinx talent.
Biological scientists have the least amount of representation, as Hispanic and Latinx workers make up only 2.4% of the industry's workforce. Medical scientists, veterinarians
The market for luxury brands is rapidly changing with a boom in the Hispanic consumer market, the fastest-growing demographic of households with incomes of $150k+, according to two new studies.
The rapidly rising affluence of Hispanics, their greater representation compared to other ethnicities in the top two quintiles, and the fact they are the fastest growing ethnicity bar none means they are an increasingly important demographic for brands to understand. READ MORE AT FORBES
A new study finds Latina workers earn just over half what their white, male counterparts do. The study from the National Women's Law Center found that in 2021, Latinas working full time earned just 57 cents for every dollar paid to white, non-Hispanic men.
The study provides a breakdown by community of national origin. It finds that Spanish and Argentinian women earned the most on average at 82 cents for every dollar earned by white, non-Hispanic men. Honduran women earned the least at just 44
Hispanic enrollment at postsecondary institutions in the United States has seen an exponential increase over the last few decades, rising from 1.5 million in 2000 to a new high of 3.8 million in 2019 – partly reflecting the group’s rapid growth as a share of the overall U.S. population.
The decline for Hispanics, and other racial and ethnic groups, in 2020 was driven by a drop in enrollment at two-year institutions. Hispanic enrollment at two-year colleges declined by about 230,000, or 15%, fr
Latinos account for the fastest-growing portion of US GDP. So much so, that if we considered US Latinos as their own country, it would be third only to the GDP growth rate of China and India in the past decade.1 At a time of economic uncertainty with concerns about a possible recession growing, consumers are looking for additional support.
Latinos are conscious of their impact, choosing brands that value the environment and their employees, all of which makes them more influential than their in
Even before Claire Risoli decided to open up her own restaurant, she knew she would call it Pocha. “Pocha was something that I was called growing up that I hated,” she said. “It means Americanized Mexican girl, and for me, it always made me feel like I wasn’t enough.”
Latinos like Risoli account for 52% of all new employer businesses, according to the 2022 Latino Donor Collaborative U.S. Latino GDP report. The study also measured U.S. Latinos’ contributions to the economy known as the gross dom
The total economic output of Latinos across the U.S. was nearly $2.8 trillion in 2020, or more than 13% of the country’s GDP. Latino GDP was highest in the finance and real estate sector, which represented $460 billion of the total.As a group, however, the most significant data point in the report is what Latinos spend annually. In 2020, personal consumption accounted for nearly $14.1 trillion of the nation’s GDP and U.S. Latinos represented $1.84 trillion of that total.
Latino spending is grea
Only about 25% of Latinos say they feel fully included at their workplaces, according to a new report from Bain & Company, a management consulting firm. Why does it matter? Latinos accounted for around 80% of workforce growth from 2010 to 2017, the fastest growing demographic. Seventy percent of Latino workers say inclusion is a critical factor when evaluating prospective employers, the study found. READ MORE AT AXIOS
Seven out of 10 Americans attribute the country’s economic growth to Latino population growth, reflecting that U.S. Hispanics have the highest workforce contribution rate (65.6 percent) and have started the most small businesses out of any other population group over the last decade.
There are significant areas where misconceptions about the Latino workforce can be corrected:
• More than 75 percent of Americans believe Latino immigrants have a lot to offer this country and are an economic boost
Latino-owned companies are growing at record rates and have a plethora of support to tap into. However, securing funding remains a challenge. There are an estimated 4.65 million Hispanic-owned businesses in the US, making them the fastest-growing segment of small businesses in the nation. According to the Stanford Latino Entrepreneurship Initiative (SLEI), a research and education collaboration between Stanford University and the Latino Business Action Network, over the last 10 years, the numbe
More than two-thirds of young adults in the United States live close to the homes they grew up in, a new Census Bureau and Harvard University study found, with Latinos, Black people and those from low-income families who left home only moving a short distance away. Economic opportunities for Hispanic and Black young adults, as well as those from low-income families, are closer to home, because those groups are less likely to move farther away. READ MORE AT NBC NEWS
Latinos make solid and consistent contributions to Illinois’ population and labor force.
Were it not for Latinos, the state’s population and workforce would have contracted. The group contributed more than $97 billion to Chicago’s economy from 2010-2018, according to the recently released 2022 Chicago Metro Latino GDP Report. READ MORE AT CHICAGO REPORTER
Data presented in Telemundo's "Latinas Powering Forward" report indicate that the population of Latinas under the age of 40 has grown 55% in the last 20 years.
Of the 29 million Latina women in the USA, 65% are under 40 years old. These new generations have chosen to prioritize their education and professional development. READ MORE AT NEWSWIRES
The diverse and growing Hispanic and Latino community in the United States accounts for about 18 percent of the overall population and is projected to comprise the majority of net new workers this decade. Most analysis of this community does not account for its rich diversity—largely due to data limitations or a lack of cultural understanding. READ MORE AT CENTER FOR AMERICAN PROGRESS
Women of all races who worked full time, year-round in 2020 were paid on average just 83 cents for every dollar paid to men, according to a National Women's Law Center report released ahead of Equal Pay Day on Tuesday. The symbolic day marks how far into the year most women must work to earn what men were paid in the previous year.
“It seems like it’s just a few pennies on the dollar, but it adds up,” Jasmine Tucker, the report’s author, told NBC News. “But Latinas in particular face some of th
The resurgence of many American cities over the last 30 years came as a surprise. After a brutal mid-century, defined by deindustrialization and white flight, cities from Oakland to Boston saw their fortunes revive. Population rebounded, crime fell, business activity hummed.
The single biggest reason why some American cities rebounded beginning in the 1990s was because of immigration. In areas like Northeast Philadelphia and East Boston, as domestic white Americans continued to leave the city,
