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
Latinos and Spanish speakers are getting better access to key mental health services thanks to several recent initiatives. A higher percentage of Latinos in the U.S. have reported symptoms of depression than their white non-Hispanic counterparts since the pandemic began, per the CDC.
Hispanics in the U.S. make up 19% of the population, but only 6% of licensed psychologists in the U.S. identify as Latino, according to the American Psychological Association. READ MORE AT AXIOS
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
An examination of Latinos' lives over a 20-year span found increasing diversity and major educational and economic gains, though some inequalities remain, according to a new report by the UCLA Latino Policy and Politics Institute. The big picture: The report, which compared U.S. Census data from 2000 and 2o20, paints a picture of just how much Latinos have changed the American landscape — and how it's changed them, too.
By the numbers: Mexican Americans and Mexican immigrants still account for
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
Despite making up nearly 19 percent of the population, Latinos continue to be underrepresented or misrepresented in Hollywood, news and book publishing, according to a new report released by the Government Accountability Office. "Latinos are effectively excluded or sidelined from much of American media," says Rep. Joaquin Castro (D-Texas) chair of the Congressional Hispanic Caucus, which requested the report. READ MORE AT NPR
Even though Latinos are the second largest ethnic group in the U.S., they’re underrepresented across many industries, including finance, which can have long-term effects on the ability to grow wealth. A group of Latino-led and focused venture capital firms is looking to change that.
Lack of access to capital markets makes it harder for Latinos to build meaningful wealth. It also means they’re underrepresented as shareholders of companies if they aren’t holding stocks and that they’re not lendin
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
For decades, Latinos living in the United States have sought ways to identify themselves that encompassed their pan-ethnic community. Although culturally diverse, Hispanics rallied in the 1960s for a unifying term that would grant them census representation and governmental support in education and health care, said Catherine S. Ramírez, chair of the Latin American and Latino Studies program at the University of California at Santa Cruz. However, that effort has also led to discrimination, as H
Comcast RISE to Award $1 Million in Grants to Small Businesses Owned by Women and People of Color in Cook County
Eligible businesses can apply October 3-16 for a $10,000 grant; 100 recipients will be selected
CHICAGO (September 14, 2022) – Comcast today announced it will award $10,000 grants to 100 small businesses owned by women and people of color in Cook County through its Comcast RISE Investment Fund. Cook County is one of five locations selected for this new round of the grants program.
The Suazo Business Center has jump-started about 5,000 Utah small businesses over the past two decades, about 93% of which are minority-owned. Two women have driven that success: the center's founder, Gladys Gonzalez, and its current president and CEO, Silvia Castro.
The women, both immigrants from South America, know firsthand the challenges first-generation immigrants face when it comes to "making it" in the U.S. They've used those experiences to provide culturally relevant, multilingual busi
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
When it comes to Latino representation in the media, Hollywood has a long way to go. That’s according to a recent survey that polled 1,000 Latinos and 1,000 non-Latinos. Although 77% feel “some” progress has been made in television than in films (67%), three in five still think there aren’t enough Latino actors and actresses on screen. In fact, three in four Latinos believe their culture is often stereotyped in the media. READ MORE AT NYDAILYNEWS
Hispanic Heritage Month is a month-long United States holiday to celebrate the contributions, cultures, and history of people living in the U.S. with ancestors from Mexico, Spain, Central and South America, and the Caribbean Islands. Beginning in 1968, President Lyndon Johnson instituted a weeklong celebration for the Hispanic and Latin Americans in the U.S., but the holiday was later changed by President Ronald Reagan in 1988 to a month-long event. Hispanic Heritage Month (HHM) runs from Septe
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
