2021 State of Hispanic Wealth Report
The 2021 State of Hispanic Wealth Report benchmarks how Latinos are faring when it comes to wealth creation. The reports analyses wealth building activities and nuances ranging from real estate acquisition, entrepreneurial growth, along with savings and the diversification of wealth through stock-based financial assets. Utilizing data from the second annual 2021 Hispanic Wealth Project Survey and the newly released data from the Federal Reserve’s Survey of Consumer Finances, the report’s findings highlight that despite the seismic impact of the COVID-19 pandemic on Latino families, Latinos are on track to meet the Hispanic Wealth Project overall wealth goals by 2024. Real estate acquisition and historic levels of home equity gains over the past few years in particular have protected Latino household wealth creation. As the economy continues on an unpredictable path, the demonstrated resiliency and work ethic of the Latino community remains an invaluable asset to America’s continued prosperity.