Hispanic Americans have long dealt with racial discrimination and unfair lending practices, contributing to a racial wealth gap between Hispanic and white families. A survey from the Pew Research Center found that 70% of Hispanic Americans said they didn't have emergency funds to cover at least three months of expenses during the pandemic, and more than half said they worried daily or frequently about keeping up with expenses.
Those already-grueling financial circumstances have only grown worse
Fear of never being able to pay off school loans is keeping many young Latinos in the U.S. from going to college or completing a degree, according to a report published in September. Latinos tend to have more difficulty repaying school debt than white student borrowers, according to Federal Reserve data, at the same time that they need more loans in order to afford tuition. READ MORE AT AXIOS
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
Families led by Black or Hispanic adults are less likely to be invested in the stock market, compared to those led by white adults, according to the latest Pew research. About 61% percent of white U.S. households own some stock, compared to 28% of Hispanic households. READ MORE AT YAHOO FINANCE
Veteran Energy Industry Leader to Continue Utility's Successful Track Record of Delivering Reliable, Affordable and Clean Energy to More Than Four Million Illinois Customers.
CHICAGO (October 14, 2021) — ComEd today announced Gil C. Quiniones will become CEO of ComEd, effective Nov. 15, 2021. Quiniones, who has served as president and CEO of the New York Power Authority (NYPA) for the past 10 years, will report to Calvin Butler, CEO of Exelon Utilities, who also has been serving as interim CEO
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
Hispanics accounted for over half of the nation’s population growth in the last decade. This is not just reflected in larger cities, but in mountain towns, Southern neighborhoods and Midwestern prairies.
“The Latino population has been dispersing across the United States for years — a reflection of where the nation’s population is moving and where opportunities are located,” said Mark Hugo Lopez, director of race and ethnicity research at the Pew Research Center. READ MORE AT NBC NEWS
Program assists nearly 100 businesses in building financial capacity, securing federal loan assistance
CHICAGO (September 10, 2021) – CTA’s Red and Purple Modernization (RPM) Project, the largest transit investment in the agency’s history, today announced the milestone of securing $5 million in federal loans in 2020-2021 for local small businesses as part of the CTA Building Small Businesses (BSB) Program.
The BSB Program, launched in 2019, was developed to provide financial guidance to small b
City Colleges of Chicago-Harold Washington College's president, Dr. Daniel Lopez PhD will be one of five alumni inducted into the College of Education at Illinois State University Illinois State's Hall of Fame on Friday, October 15.
Dr. Lopez has over twenty-five years of experience in higher education. As a leader, he has provided comprehensive academic support services to students, developed educational programming, and has led many student affairs units. He has created safe spaces for undocu
Hispanic Latinos are the fastest growing population in the United States accounting for roughly 18% — 60.6 million — of the nation's total population. Latinos continue to contribute to American culture as musicians, small business owners, chefs, veterans and many other professions.
Hispanic Heritage Month, which runs from Sept. 15 to Oct. 15, honors the contributions that Hispanic and Latino Americans have made to U.S. society and the fabric of its culture. READ MORE AT NBC WASHINGTON
Maybe you first heard about National Hispanic Heritage Month from a friend or scrolled across an informational post about it on social media. You're familiar with the celebratory month, but if you had to take a pop quiz on the subject? Let's just say... you probably wouldn't walk out with an A+.
These facts about National Hispanic Heritage Month will not only deepen your knowledge of this celebration, but enrich your life overall. READ MORE AT WOMEN'S HEALTH
Outdoor enthusiasts want people of color to embrace activities like hiking, biking, kayaking, camping and birding — and feel safe while enjoying it all.
Why it matters: A national reckoning has drawn attention to the discrimination some people of color face during a run in the mountains or a walk on a trail. The outdoors can be deadly due to bigotry, not just wildlife, lurking in the woods. READ MORE AT AXIOS
The numbers of long awaited 2020 U.S. Census is out. The national survey on population, housing, education and racial make-up of the U.S. population shows we are more diverse than ever. Nearly 25 million people nationally reported they identified with two or more races, that’s a 275% increase from 2010. READ MORE AT CBS8
Chicago’s Black population is at its lowest point in more than 60 years, according to 2020 census data released Thursday. While the pace of Black population loss slowed over the past decade, the number of Chicago’s Black residents dipped to about 788,000 in 2020, according to the census data. That’s the lowest it’s been since before 1960. Latinos are now the city’s second-largest racial or ethnic group, growing by 5% — from roughly 779,000 in 2010 to nearly 820,000 in 2020. READ MORE AT WBEZ
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
San Antonio’s Black and Latino college students are significantly more likely to avoid taking out student loans because they’re afraid they won’t be able to pay them back.
In a survey Texas Public Radio sent to students currently or recently enrolled in one of San Antonio’s public institutions of higher education, Hispanic students were just as likely as white students to take out loans. But the reasons they didn’t take out loans varied depending on their race and ethnicity. READ MORE AT TEXAS
The numbers speak for themselves. Latinas have to work for nearly two years to make what white men make in a year, earning only $0.55 to every dollar a white man earns. Black women make $0.62 per $1 made by a white man, and Native American women make $0.57.
The pay disparity that Latinas face has barely improved over the last 30 years. But these Latina money experts are done waiting. READ MORE AT NEXT ADVISOR
SupplyHive™, an innovative provider of Supplier Performance Management Technology, announced today that it closed $2 million in seed funding by securing investors who believe in the power of diversity and inclusion: led by LOUD Capital with co-investors Revolution’s Rise of the Rest Seed Fund and Cleveland Avenue-CAST US.
“Capital from this funding will allow the company to reach the next level of scale and impact by growing our sales and marketing resources and furthering product development a
