This report examines multiple aspects of the economic state of the Latino community in the United States, including population growth, geographic presence, demographics, educational attainment, employment and earnings, the role of Latinas, wealth and retirement security. Together, these data help paint a portrait of Latinos and their economic prospects for the future.
The good news is that for many of the record 56.6 million Hispanics in the United States, the American dream is alive and well. Hispanics born in this country are more highly educated and earn higher incomes than their immigrant parents and grandparents. Hispanics outpace all other Americans in forming their own businesses.By 2060, more than one in four people in the United States will identify themselves as Hispanic or Latino, making the Latino community an economic force of great consequence.
But there is bad news as well. Latinas for instance earn just 55 cents for every dollar earned by a non-Hispanic white man and Latinos as a whole lag significantly behind whites in education, income and wealth.