STATE OF HISPANIC

WEALTH REPORT

Drivers of Wealth, part one of a two-part series for the 2023 State of Hispanic Wealth Report, considers how each of the three HWP pillars—homeownership, business ownership, and financial assets—drive the accumulation of wealth.

Homeownership, business ownership, and financial assets all impact how individuals and families build wealth and have potential “multiplier” effects on net worth. This report first considers how age and education influence income and wealth. It then explores the correlations between homeownership, business ownership, and financial assets and household wealth.

Part two of this report, which will be released in late fall 2023, will analyze updated household wealth data from the Federal Reserve, further considering where the Hispanic community stands in relation to the HWP goals and examining impacts of the COVID-19 pandemic on Latino net worth.