The 2023 LDC Fast Facts Poster is a visually compelling summary that showcases key data points about contributions of Latinos, highlighting their vital role in the nation’s economy, workforce, and social landscape. This poster is designed to provide a quick yet comprehensive overview of essential statistics, offering an engaging way to understand the impact of Latinos across various sectors.
Key insights from the poster include the impressive growth of the U.S. Latino GDP, which reached $3.2 trillion in 2021, making it the fifth largest economy in the world if measured independently. Latinos are also driving significant growth in the U.S. labor force, accounting for 78% of net new workers between 2020 and 2030. Additionally, the poster highlights the rapid increase in Latino homeownership, with a 48.6% homeownership rate in 2022, up from 45.6% in 2015.
The poster also emphasizes the entrepreneurial spirit of the Latino community, noting that Latino-owned businesses (LOBs) have seen a 34% increase in the past decade, while non-Latino-owned businesses have decreased by 7%. This entrepreneurial growth is complemented by the fact that Latinos are more likely to start tech companies compared to their white counterparts, further showcasing their influence in driving innovation.
Furthermore, the poster underscores the cultural and consumer impact of U.S. Latinos. It reveals that 84.4% of Latinos speak English fluently, contributing to their integration and influence within the broader U.S. culture. The poster also points out that Latino consumers are fueling growth in industries such as beauty and automotive, with spending rates significantly outpacing those of non-Latino groups.
This fast facts poster is an essential tool for anyone looking to quickly grasp the critical contributions of U.S. Latinos. To explore more about these statistics and their implications, download the poster from the Latino Donor Collaborative website.