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The Numbers Don't Lie: Latinos Fuel The US Economy

Culture & Community By O. DELGADO
The Numbers Don't Lie: Latinos Fuel The US Economy

The numbers don't lie: Latinos fuel the US economy.

“The common perception of Latinos being a burden to U.S. society is utterly wrong.  To the contrary, Latinos are the element most needed to fuel the growth of this country.”

Latino Gross Domestic Product Report: Quantifying the Impact of American Hispanic Economic Growth 

Research by the Latino Donor Collab shows that over the last 5 years, 

Latinos were responsible for 29% of the US' total income growth, more than any other group. 

That's partly because Latinos are more entrepreneurial than other Americans. 

There are currently 42 million Latino-owned businesses in the US.

And the number keeps growing at two and three times the national average.  

Not only are Latinos starting more businesses, their businesses are doing better.  The average annual revenue for Latino-owned businesses increased 27% since last year, from $260,00 per year to $330,000. 

Latino-owned businesses contribute $668 BILLION dollars to the US economy.

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Research also shows that 

Latinos were responsible for 70% of the recent growth in the labor market. 

According to the Wall Street Journal:

America has an invaluable—and renewable—resource: a young, educated and entrepreneurial Latino population, 57 million strong as of 2016 and growing every day. 

The Census predicts that number will grow to between 25% and 30% of the population over the next several decades.

By 2050 one out of every three Americans will be Latino

Latinos are essential to this nation, and we deserve a say in how it is run.  But no one is going to give it to us; we have to take it. 

Twenty-nine million Latinos are eligible to vote, but less than half showed up at the polls in 2016.

Imagine how different the news, the nation, would look if we had shown up to the polls en force?

We have the numbers, and we have the power.  Use it, or lose it.