Welcome! Thank you for taking the time to visit this site. As our world continues to drastically change, our thoughts are with you and your families. Our goal is to enlighten you about the Hispanic community in the United States. as we strive to maintain an informative site here. Please visit again.Wishing you ultimate wellness and good vibes. Onward and Upward. Ivonne
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About the Latino Community in the United States.....
The Latino Community in the United States is one of the fastest growing communities. The Hispanic share of the population is 17.6% and approximately 56.5 million Hispanics live in the United States. In 2015, Hispanic households earned approximately $902.8 Billion dollars. According to the New American Economy, Hispanics contribute greatly to our country's entitlement programs. In 2015, through taxes on their individual wages, the Hispanic population contributed $25.3B to Medicare and $101.8B to Social Security.
*Below please find the top ten states where Spending power is highest amongst Latino heads of household:
New York. $24.0B
New Jersey. $13.8B
*New American Economy
Latinos in the USA
Did you know......
As of July 1, 2019, The Hispanic population in the United States is 60.6 million, making people of Hispanic origin the nation's largest ethnic or racial minority. Hispanics constituted 18.5% of the nation;s total population. US Census Bureau
Hispanic households hold considerable earning and consumer power. In 2017, Hispanic households earned more than $1 trillion. This allowed them to pay more than $252.2 billion in taxes, including $165.9 billion in federal income taxes, as well as $86.3 billion in state and local taxes. After taxes, Hispanic households held more than $780.7 billion in spending power. The American Economy Research Fund, 2020
The share of U.S. Hispanics with college experience has increased since 2010. About 41% of U.S. Hispanic adults ages 25 and older had at least some college experience in 2018, up from 36% in 2010. The share who have a bachelor's degree or more education also increased during this period, from 13% to 17%.
According to Nielson.com, by 2023, the buying power of the United States Latinx population is expected to top $1.9 trillion, which is higher than the gross domestic product (GDP) of countries like Australia, Spain and Mexico.
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