The 2021 LDC Fast Facts Poster is a powerful visual summary that highlights the critical Latino contributions to the nation’s economy, workforce, and society. This poster presents key statistics and trends that underscore the significant impact Latinos have on various industries and the broader U.S. economy, offering a quick yet comprehensive overview for policymakers, business leaders, and educators.
Key highlights from the poster include the rapid growth of Latino-owned businesses, which have increased by 31.6% between 2012 and 2017, compared to a 9.3% growth for non-Latino-owned firms during the same period. This entrepreneurial surge is a testament to the resilience and innovative spirit of the Latino community. The poster also showcases the increasing Latino homeownership rates, which have consistently outpaced those of non-Latinos since 2010. In 2021, Latinos were expected to add nearly $45 billion in spending on home-related items, demonstrating their growing economic influence.
Additionally, the 2021 LDC Fast Facts Poster emphasizes the importance of Latinos in driving growth within specific industries, such as the beauty sector, where Latino spending has seen significant increases across various product categories, including cosmetics and personal care appliances. The poster also highlights the youthful demographic of the Latino population, with a median age of 29.8 years compared to 40.8 years for Anglo Americans. This younger population is vital for sustaining the U.S. labor force and supporting programs like Social Security and Medicare.
The poster also touches on the educational achievements of Latinos, with the number of individuals holding a bachelor’s degree or higher growing 2.8 times faster than the non-Latino population between 2010 and 2019. This trend indicates a promising future for Latinos in the professional and business sectors.
For a deeper understanding of these statistics and their implications, download the 2021 LDC Fast Facts Poster from the Latino Donor Collaborative website.
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