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2024 Economic State of Hispanic Americans and its Long-Term Effects on Latino Wealth
Are Hispanics in America doing better; guess we have to look at the Hispanic statistics to see the results. Over the last 40 years, Hispanic Americans have had substantial social and economic growth. The last four years (post-pandemic) showcased an increase in asset attainment through investing with a general concern its the long-term viable impacts on Hispanic-American households. In 2022, Hispanic household wealth rose to $63,400. While other racial and ethnic demographics have seen increases in household wealth during that same period, Hispanic household wealth has grown more rapidly. This increase was primarily due to homeownership. While rapid home price appreciation in recent years has allowed homeowners to grow their…