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Thread: Boom: Hispanics lead housing, income surge, poverty at record low

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    Boom: Hispanics lead housing, income surge, poverty at record low

    Boom: Hispanics lead housing, income surge, poverty at record low
    by Paul Bedard
    | April 23, 2019 10:20 AM



    Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys.

    While they remain far behind whites in income, they have seen their third consecutive year of income growth and have a higher workplace participation rate, according to the National Association of Hispanic Real Estate Professionals and the Hispanic Wealth Project.

    In two studies just released, the groups also provided revealing details about Latinos and their growth in America. For example, by 2060, nearly one of every three in the U.S. will identify as Latino.

    The reports detailed Hispanic housing and economic trends and found most signs better under Trump.

    Whatís more, the groupís goal of nudging overall Hispanic income up is showing signs of success. The group said that within the next five years, Hispanic median income will triple.

    The group listed the positive trends in its income report:

    For the fourth consecutive year, Hispanics increased their rate of home ownership, reaching a rate of 47.1%. In 2018, Latinos added 362,000 homeowners which is the highest number of owner households added for Latinos since 2005.

    In 2017, Hispanics saw the third consecutive year of income growth and the highest of any demographic.

    Between 2016 and 2017, Hispanics increased their real median income by 3.7%. Latino families making an annual income over $200,000 increased from 2.1% in 2011 to 3.8% in 2017, and the percentage of Latino millionaires more than doubled between 2013 and 2016.

    Poverty rates reached a historic low for Latinos. Simultaneous to median income growth, Hispanics have lowered their poverty rate for three consecutive years. With a poverty rate of 18.3% in 2017, Hispanics reached their lowest level since poverty estimates for Hispanics were first published by the U.S. Census Bureau in 1972.

    Latinos have significantly higher labor force participation rates. Hispanics are employed at a rate of 66.1%, compared to 62.9% of the general population. The Hispanic unemployment rate was reduced by over 7 percentage points between 2009 and 2018, from 12.1% to 4.7%, respectively.

    Latinos continue to drive small business growth. Between 2014 and 2016, the number of Latino-owned employer firms increased by 13.1%, accounting for 23.8% of the net growth of all employer firms during that period.

    Participation in retirement accounts for Latinos is increasing. Between 2013 and 2016, Hispanics increased their rate of retirement account ownership from 25.1% to 29.7%, and the value of their retirement accounts increased by roughly 40.4%.
    This will be interesting. Blacks as a percentage of population are dropping and that trend looks like it's going to stick for some time. White/Hispanic intermarriage is very common and that trend will probably increase.

    There's no love lost between blacks and Hispanics. Will this eventually diminish black political power?

    Wash Ex
    "Alexa, slaughter the fatted calf."

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    "While they remain far behind whites in income"


    When I was a kid, Spanish surnamed Americans were Caucasian.

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    But...but, Trumps actions(like tariffs) were supposed to destroy our economy.

    Mark
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    Quote Originally Posted by Gingersnap View Post
    Blacks as a percentage of population are dropping .......
    Shhhhh! That's a secret. If you hang out on NEWSONE (most racist page on Facebook) you will eventually read a reference to 2050. That's the year that Non-Latino Caucasians are "going to be outnumbered". The folks who choose to believe that appear to stop reading as soon as they see something they like- or perhaps they are getting fed this bullshit at HBCU or CHURCH.

    They are so thrilled to read that WASPS will fall below 50% they miss in the numbers is that Subhaharan Black African Americans are supposed to go from 12.6% of the population to 9.6%.

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    Quote Originally Posted by Novaheart View Post
    "While they remain far behind whites in income"


    When I was a kid, Spanish surnamed Americans were Caucasian.
    Well, that's an interesting observation. When I was a kid, Hispanics were also Caucasian/white for box-checking purposes but that changed at some point.
    "Alexa, slaughter the fatted calf."

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    Quote Originally Posted by Gingersnap View Post
    Well, that's an interesting observation. When I was a kid, Hispanics were also Caucasian/white for box-checking purposes but that changed at some point.
    The need for a new food group.
    Quote Originally Posted by Billy Jingo View Post
    No, you do. Except when you go full frontal white supremacy. Then they just pretend you didnít say that. They do that with all their bigots except Lady Marva. That is probably because her racism is clumsy. But so is Markís but in a Trumpian acceptable way, I guess.

    But you? You are rarely challenged here (other than by Bane) and even then, when Celeste forgets how much she loves her gun, it is exceedingly mild.

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    Quote Originally Posted by Gingersnap View Post
    Well, that's an interesting observation. When I was a kid, Hispanics were also Caucasian/white for box-checking purposes but that changed at some point.
    I love it when people tell me that Latinos have always been considered a different race. IT's the easiest thing to disprove. Lucille Ball and Desi Arnaz. Another couple who would now be considered interracial would be Rita Hayworth and Prince Aly Khan.

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    Would be interesting to see what types of housing the Latinos are buying. And where.

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