Hispanics will experience faster spending growth than young adults by 2020, according to new projections from investment bank Morgan Stanley.
“The aging of the population and the rise of Millennials will continue to impact the consumer landscape over the next 5 years,” analysts said in a note. “However, the share of the consumer wallet controlled by the Hispanic population will experience the fastest pace of growth, driven by the addition of 8.2 (million) people—or 52% of total U.S. population growth—and above-average per-capita income growth…
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WASHINGTON, DC — It is an absolute business imperative to have Latinos and Latinas in leadership positions in the business world, particularly on the boards of the country’s top companies, where the numbers remain dismally low. That was the focus of a recent gathering here of many of the nation’s business leaders to commemorate three decades of the Hispanic Association on Corporate Responsibility (HACR), an organization that advocates for a greater number of Hispanics in corporate America.
Just over 7 percent of Latinos hold board seats among Fortune 500 companies, and just 4 percent of all executive positions…
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CM Coria-Sánchez – Mexican Business Culture: Essays on Tradition, Ethics, …, 2016
… Although this study is quite biased by making generalizations such as “It is because Mex- icans
and Mexican Americans tend to be poor and not well educated that they are fatal- istic,” the
analysis shows that “when social class is controlled, Mexicans are not more fatalistic than …
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Eight years out, a new study shows that the 2008 economic meltdown has had lasting impacts on the savings accounts of primarily black and Hispanic households in the U.S. In the near-decade since Lehman Brothers collapsed, signaling the start of a downward economic spiral, the balances of minority 401(k) accounts have dropped while white future retirees have seen little change in theirs.
Since 2007, the balance for 401(k) and similar types of plans held by African-American working households has dropped by at least $14,700 — from $31,100 to $16,400 in 2013 — according to a recent Government Accountability Office report. That’s compared to white working households, whose balances showed no significant changes, and they were roughly three times larger than those of blacks and Hispanics at the end of 2013…
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Making their million-dollar mark
Latino-founded businesses are booming, yet less than 2 percent of Latino entrepreneurs ever make it past the $1 million revenue mark, according to the U.S. Census Bureau. Of the 1.4 million Latino-owned companies in the United States, the average has $156,000 in annual sales, revealed a study from the Latin Business Action Network (LBAN)…
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In the world of venture capital, Latino-owned businesses are rarer than billion dollar unicorns.
Only about 1% of all Latino-owned businesses created between 2007 and 2012 in the U.S. received venture capital or angel investments, according to a report by the Stanford Graduate School of Business that surveyed roughly 1,800 businesses.
One big reason: Very few Latino-owned firms are even walking through the doors of venture capital firms to begin with…
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PALO ALTO, Calif., April 12, 2016 /PRNewswire/– The Latino Business Action Network (LBAN) has opened applications for the second cohort of its Stanford Latino Entrepreneur Leaders Program (SLELP). SLELP is an investment in helping Latino entrepreneurs to scale — i.e., to grow — their businesses through an immersive six-week program that provides owners the valuable education, enhanced networks, personal mentorship and better understanding of capital resources necessary to grow their businesses, create jobs, and build a stronger economy.
“Latinos are quickly becoming the new face of entrepreneurship in the USA,” said Remy Arteaga, the Executive Director of LBAN. “Several studies, including one by the Kauffman Foundation, support the fact that Latinos are creating more new businesses than any other group in America. We want to empower these entrepreneurs to grow large businesses.”…
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J Albarracín – 2016 – books.google.com
Beardstown and Monmouth, Illinois, two rural Midwestern towns, have been transformed by
immigration in the last three decades. This book examines how Mexican immigrants who
have made these towns their homes have integrated legally, culturally, and institutionally. …
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Information is the key to success these days especially in business. Most companies, entrepreneurs and organization are even willing to spend millions just to gather important details they can use to know more and understand their customers. That’s why jobs that are inclined to its niche, like Market Specialists, have a projected demand increase of about 41 percent from 2010 to 2020…
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After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with 121.3 million in lower- and upper-income households combined, a demographic shift that could signal a tipping point, according to a new Pew Research Center analysis of government data…
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A new CNN/Kaiser Family Foundation poll found that 55 percent of blacks and 52 percent of Hispanics said it was easier for them to achieve the American Dream than their parents. That’s compared to only 35 percent of whites. Blacks and Hispanics interviewed by CNNMoney said they feel they have more opportunity these days in terms of education and jobs…
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NEW YORK, NY — A job at the investment bank Goldman Sachs is one of the most prized positions in the country. The company prides itself on attracting some of America’s most talented professionals—ambitious, smart and highly motivated. Many people would probably be very surprised to discover that at least one undocumented Mexican immigrant was working shoulder to shoulder with the country’s corporate elite.
Former Goldman Sachs vice president Julissa Arce, 32, wants to change the way Americans think about immigration by sharing her story. And in her upcoming September 2016 memoir, “My (Underground) American Dream,” she aims to describe her long and difficult journey from undocumented to documented, which took her from selling funnel cakes in Texas to Wall Street…
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The Hispanic market is traditionally underserved, but that may change soon. Several firms with the financial services, insurance and retail sectors have discovered that reallocating funds and increasing ad dollar spending on Hispanic media could mean a greater return on their investment.
The national trade organization Association of Hispanic Advertising Agencies (AHAA) published the latest addition to its insight series on Nov. 8, “Financial-Insurance Services & Auto Hispanic Media Allocation Trends 2010-14 & Impact on Total Market Revenue Growth Study.” According to findings in the report, which were also sourced via Nielsen, insurers and financial service companies that effectively target the Hispanic market with publicity campaigns see a higher…
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More Mexican immigrants have returned to Mexico from the U.S. than have migrated here since the end of the Great Recession, according to a new Pew Research Center analysis of newly available government data from both countries. The same data sources also show the overall flow of Mexican immigrants between the two countries is at its smallest since the 1990s, mostly due to a drop in the number of Mexican immigrants coming to the U.S…
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One focus of the Republican debate on the economy last night was immigration. Donald Trump, echoed by several other candidates, again called for increased border security between the U.S. and Mexico.
But when it comes to Latinos and the U.S. economy, absence won’t make the heart grow fonder. A new report from the Stanford Latino Entrepreneurship Initiative (SLEI) shows that the number of Latino-owned businesses is expanding at a breakneck pace — three times the national average — and that the Latino population is a major force in the country’s economy…
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Economies of 26 Latin American countries show signs of weakness and … TN for Mexican professionals: A list of 61 designated professions and the …
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NEW YORK, NY — Just two years ago, Lily Urzúa came to Queens, New York from Mexico to pursue her dreams of owning a dance company. With one suitcase and $200 in hand, she founded the Urzúa Queens Center of Performing Arts.
She’s realizing her dream, but the Latina entrepreneur concedes it requires more hard work than she expected.
“You just want it that bad that you think, ‘when I’m there everything is going to be nice,'” said Urzúa. “I just want to be enjoying it without suffering it.”…
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B Huang – 2015
… and Wealth, 52(1), 17-42. Cobb-Clark, DA, & Hildebrand, VA (2006b). The Wealth of Mexican
Americans. Journal of Human Resources, 41(4), 841-868. Page 39. … Trejo, SJ (1997). Why do
Mexican Americans earn low wages?. Journal of Political Economy, 105(6), 1235-1268. …
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Near the end of the Great Recession, about one-in-five Hispanics ages 18 and 19 were “disconnected youth” – neither working nor going to school. But, helped by the economic recovery, the share of these young Hispanic adults not working or enrolled in school dropped from 21% in 2009 to a historic low of 16% by 2014, according to a Pew Research Center analysis of federal government data…
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Latinos and immigrants helped drive an increase in new business creation nationally, according to an annual measure of U.S. startup activity released on Thursday.
According to research conducted by the Ewing Marion Kauffman Foundation, immigrant entrepreneurs launched 28.5% of the new businesses in 2014 — up from 25.9% a year earlier and 13.3% in 1996. Immigrants account for 12.9% of the U.S. population, according to the most recent data by the U.S. Census Bureau…
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