Making America Rich Again: The Latino Effect on Economic Growth
by NGL Collective
By Dr. Jeffrey A. Eisenach (Nera.com)
NERA Managing Director Dr. Jeffrey A. Eisenach authored a study, which presents a comprehensive analysis of the contribution that Latino Americans have made to the US economy, based on data from a wide variety of government and private sources. To an extent few appreciate, the US Latino population is growing, young, increasingly educated, employed, connected, entrepreneurial, and upwardly mobile in terms of income as well as consumption.
The study focuses on Latino demographics, presents data on the role of Latinos as workers and entrepreneurs, presents data on Latino income and purchasing power, and focuses on the top 25 power Metropolitan Statistical Areas (MSAs). The data presented in this study demonstrate that the Latino community in the US is a source of both demographic and economic dynamism. Given the demographic profile of Hispanic Americans, it seems extremely likely these trends will continue in the years to come.