Posts Tagged: Latino population
A New Look at How Latinos are Powering the U.S. Economy: Report
Headed by University of California, Los Angeles Professor David E. Hayes-Bautista, and Werner Schink, CEO of Latino Futures Research, the report commissioned by the non-partisan group Latino Donor Collaborative estimates the total GDP of the Latino population based on data that is publicly available at the U.S. Department of Commerce and the U.S. Department of Labor.
In a discussion with NBC News over the phone, Hayes-Bautista said that most studies on Latino economic power look at Hispanics one-dimensionally, through their spending power. But by looking at Latinos beyond consumption and instead through their economic production, Latinos' contribution to the nation can be seen more as an investment than an expense.
“I've been studying Latinos for over 40 years, and you can point out some amazing things about Latinos, but people just yawn. But if you reframe Latinos in terms investors can understand, by size and growth rate, we can have a better idea of Latinos' importance in the U.S. economy," said Hayes-Bautista, professor of medicine and director of the Center for the Study of Latino Health and Culture at the School of Medicine, UCLA.
According to the report, “The U.S. Latino GDP is growing 70 percent faster that the country's non-Latino GDP.”
For instance, 70 percent of the growth in our workforce is Latino. In the 75 years he has reviewed data, said Hayes-Bautista, Latinos have consistently ranked at the top, with the highest labor force participation rates.
Another common misperception around the country, the report finds is that non-U.S. citizen Latinos do not participate in the work force as much as other populations. In fact, male Latino non-citizens have an extremely high work force participation rate, over 90 percent for young mature workers aged 25 to 49.
Poll: 62% unhappy with economy 16:28
Hayes-Bautista has spent his professional career dispelling myths about Latinos, and working in California, first at Stanford and then at UCLA, he has seen how the Hispanic population has changed over the decades. Our perception of Latinos is based on an old model, he explained.
Immigration since the 1990s has effectively ceased being the largest factor in the demographic growth of the Latino population. “Immigrant growth has been fading out, and their kids are taking over, the millennials and post millennials are going to be driving our economy,” he said.
When you look at burgeoning cities throughout the country since the 1970s, Latinos have revitalized or saved those regions from massive decline as the non-Latino white population ages.
Hayes-Bautista said that misperceptions about Latinos evoke policies under false assumptions that ultimately do more harm than good for the nation as a whole.
“Latinos work more hours, work less in the public sector, and have the lowest rates of welfare utilization," Hayes-Bautista said. Yet despite their low relative burden to taxpayers, “their reward is the highest level of poverty in the nation.”
If the U.S. realized how vital Latinos are to the future of the United States, there would be greater investment in education, infrastructure, job training, and health care, rather than a constant flow of negative messaging about gangbangers, Hayes-Bautista said.
The report's takeaway is that the country's economic future depends on the interconnectedness between ethnicities and generations.
“The ability of the baby boomers to retire and use their benefits, such as health care and their investment portfolio," said Hayes-Bautista, "depends on Latinos."
Source: Published originally on nbcnews.com A New Look at How Latinos are Powering the U.S. Economy: Report by by Stephen A. Nuño
CCNY-UTEP partner to produce next generation Latino professors
Harlem-based City College, which is designated a Hispanic Serving Institution of Higher Education by the U.S. Department of Education, will receive $2.315 million of the funding and UTEP $1.3 million.
Under the administration of CCNY's NOAA CREST, the two institutions will collaborate to develop, implement and study a model for training and transitioning Hispanic environmental sciences and engineering (ESE) doctoral students to STEM instructional faculty positions at community colleges and other institutions. Candidates must have completed all coursework and be dissertating, as they transition.
Participants will primarily include Hispanic doctoral students of Caribbean or Mexican origin, who are advanced level doctoral candidates majoring in ESE fields. These include civil, electrical, mechanical or biomedical engineering; earth and atmospheric sciences; ecology and evolutionary biology, among other disciplines.
The project will be led by CCNY faculty Jorge E. Gonzalez, Fred Moshary, Joseph Barba, Kyle McDonald and Ellen E. Smiley. UTEP experts include: Miguel Velez-Reyes, Craig Tweedie, and Ivonne Santiago.
The CCNY-UTEP partnership is in response to the NSF's Alliances for Graduate Education and the Professoriate (AGEP) program solicitation. AGEP seeks to advance knowledge about models to improve pathways to the professoriate and success of historically underrepresented minority (URM) graduate students, postdoctoral fellows and faculty in specific STEM disciplines and/or STEM education research fields.
There are three community college partners in the Hispanic AGEP Alliance: LaGuardia Community College, Queensborough Community College and El Paso Community College in El Paso, TX.
The NSF grant to CCNY and UTEP brings up to $23 million in awards to City College since last fall for training underrepresented minority scientists and engineers. Last September CCNY won a $15.5 million NOAA grant to produce mostly minority STEM scientists.
In addition, $5.2 million was received from the U.S. Department of Education in October to promote STEM education, particularly among underrepresented groups.
Source: Published originally on www.eurekalert.org, CCNY-UTEP partner to produce next generation Latino professors, City College of New York by Jay Mwamba, May 26th, 2017.
Nuestro Futuro: Latinos a Growing Force for Climate Action
It's difficult to think about Los Angeles in the 1970s and not envision smog blanketing the city. I remember it vividly. My father, who worked downtown, would often talk about the thick haze, the dirty air. And on the occasions I ventured into the city center as a child, I experienced the pollution smothering our home firsthand.
From the beginning, I had a keen awareness of Los Angeles's severe pollution problem, and later on, after my family moved to Colombia for my father's job, the issue became even clearer to me. From air pollution and dirty water to energy and water shortages, my childhood was shaped by environmental problems.
Later on, not long after I began working as an attorney at NRDC, in 1999, I noticed that the U.S. Latino community in particular was incredibly impacted by the many environmental issues plaguing the country. What's more, I saw that despite not having a lot of information about these problems or support to deal with them, Latinos were committed to finding a solution. I saw the same type of awareness that I remember so clearly from my own childhood—and it has shaped my work at NRDC ever since.
Today, my colleagues and I are proud to publish a new, comprehensive report on U.S. Latinos and climate change, the most pressing environmental issue of our time.
“Nuestro Futuro: Climate Change and U.S. Latinos” explores the growing number and influence of Latinos in the United States and highlights the elevated climate-related threats the community faces.
Perhaps most important, however, is that it demonstrates that Latinos care about the impacts of climate change—and they want action now. Latino engagement on the issue, the report finds, can help secure a safer climate and a cleaner energy future.
There are more than 56 million Latinos living in the United States today, up from more than 50 million in 2010. This rapidly changing segment of our population is expected to grow from nearly 18 percent of all U.S. inhabitants in 2015 to 29 percent by 2060. At the same time, Latinos are disproportionately vulnerable to climate-related threats because of where they live, their occupations, and the financial challenges they face.
More than 60 percent of U.S. Latinos live in California, Texas, Florida, and New York, where severe heat, air pollution, and flooding pose greater risks than they do in other states. And because a large number of Latinos work outdoors in crop and livestock production, construction, and landscaping, they are more susceptible to the impacts of extreme heat fueled by climate change. Meanwhile, millions of Latinos across the country don't have access to health insurance and are ineligible for federal disaster assistance that would help them recover from an extreme weather event.
In the face of these challenges, addressing climate change presents a tremendous opportunity. Despite the great diversity of Latinos in the United States, they are overwhelmingly united by a desire for action on climate. In fact, 9 out of 10 Latinos polled in 2014 said they wanted the government to take action to protect future generations from the dangers of climate change. And 8 in 10 expressed support for President Obama's efforts to reduce the carbon pollution that's driving climate change.
Significantly, a majority U.S. Latinos don't believe there is a trade-off between protecting the environment and fostering economic growth. They understand that clean energy and energy efficiency come with the economic benefit of lowering electricity bills and creating millions of jobs. And even when clean energy comes with an initial cost, Latinos are still highly supportive.
Latino culture has always honored the environment?from their indigenous roots, where nature holds a sacred space, to family traditions that instill a duty to care for and protect the earth. It should come as no surprise, then, that this incredibly diverse group stands with strong commitment and unity when it comes to tackling climate change—and I'm heartened and humbled by this passion.
I've come a long way from the smog days of my childhood in Los Angeles. What motivates me more now are my kids and the knowledge that we could be doing so much more, so much better. But we're not, simply because we choose not to. My job, I feel, is to bring more people into the fold—people like the 56 million Latinos in the United States. Because if enough individuals bring an awareness of climate change and start demanding real action, I have to believe that others will listen.
Source: Published originally on NRDC Nuestro Futuro: Latinos a Growing Force for Climate Action, by Adrianna Quintero, October 13, 2016.
Latino Spending Power Reaches All-Time High, Surpasses Non-Latino Groups'
Recent studies prove that spending power by the Hispanic demographic is growing faster than that of non-Latino groups.
The number of Hispanic households is growing faster than ever, making a larger consumer group. This also means that there is a higher spending power among Latinos in America that businesses will model some of their strategies toward.
Between 2012 and 2015, Latino households represented about 40 percent of the growth in spending for household equipment. In the same time period, Hispanic households accounted for 25 percent of the growth in spending for new cars and trucks.
Data for Latino Household Aggregated Spending
Latino household accounted for double-digit shares of growth in aggregated expenditures:
- 20 percent growth in furniture expenses
- 18 percent growth in major household appliances
- 17 percent growth in audio-visual equipment and services
- 16 percent growth in small appliances
Data for Latino Household Use of Financial Services
In the past 10 years, Latino households have accounted for the rapid growth of a wide selection of financial services. Hispanic households have spent more on financial services than any other demographic in the U.S.
Hispanic Contribution to Growth in Financial Industry
Between 2005 and 2015, the use of credit cards by Latinos have grown 11 times faster than it did in non-Latino households. Data shows that it grew by 44 percent, whereas other households only grew by 4 percent.
In the same time period, there were 5.1 million more Latino credit card holders which accounted for about 49 percent of the growth in the total amount of consumers using credit cards.
Hispanic Consumer Trends Impact Foodservice Industry
Not only are Hispanic consumers contributing to the growth of the financial industry, the demographic also makes a huge impact on the foodservice industry.
A recent Hispanic Foodservice Consumer Trend Report says that Latinos are expected to make up nearly 30 percent of the U.S. population. What that means is that, the Latino demographic will shape the growth of the industry because as the population grows, so will its usage of food.
Forty-one percent of Hispanic consumers account for the usage of foodservices twice a week.
Family style eating places benefit the most from Latino consumers since Hispanics generally like to eat meals with their families.
Franchises will benefit from the growth in Latino spending power should they add popular Hispanic meals and flavors to their menus.
Source: Published originally on LatinPost.com Latino Spending Power Reaches All-Time High, Surpasses Non-Latino Groups' , by Claudia Balthazar, August 12, 2016.
Latinos & Alzheimer's Disease: New Numbers Behind the Crisis
“This timely report provides strong evidence of the rapidly escalating burden of Alzheimer's disease on the U.S. Latino population,” said William Vega, co-author of the report and executive director of the USC Roybal Institute on Aging. “It is not only the growth of the prevalence that is concerning. It is also the very high metabolic syndrome and diabetes rates that are fueling the increase in Alzheimer's to levels well beyond expected rates in the U.S. population.”
Key Findings
- With the continuing growth and overall aging of the Latino population, this report projects a striking increase in the number of Latinos with AD through 2060. The number of Latinos with AD is expected to increase more than nine fold from 379,000 in 2012 to 1.1 million by 2030 and to 3.5 million by 2060—a growth of 832 percent.
- Total direct and indirect costs for Latinos with AD will reach approximately $105.5 billion by 2060 (in 2012 dollars)—costing the U.S. economy a total of $2.35 trillion (in 2012 dollars) through 2060.
- Direct costs for Latinos with AD, including expenditures for medical and long-term care, are estimated to be $7 billion in 2012 and projected to more than double in 2030 to $19.6 billion (in 2012 dollars). In 2060, these costs will increase more than nine times to $65.7 billion (in 2012 dollars).
- Indirect costs for Latinos with AD, including unpaid informal care and earnings lost by persons with AD, are projected to increase tenfold from $3.9 billion in 2012 to $39.8 billion (in 2012 dollars) in 2060.
- Latino families are less likely to use formal care services such as nursing home care and hospice care, and instead turn to more affordable long-term care services (such as adult day care) and unpaid informal care compared to non-Latino whites.
- Although Latinos with AD are more likely to choose the most affordable care alternatives and rely heavily on unpaid informal care, total costs for Latinos with AD will grow faster than non-Latino whites.
On World Alzheimer's Day, the USC Edward R. Roybal Institute on Aging and Latinos Against Alzheimer's, a network of US Against Alzheimer's, released a report: Latinos & Alzheimer's Disease: New Numbers Behind the Crisis.
Click to view the full report and learn more (pdf) »
Source: Published originally on UC Davis Health, Latinos & Alzheimer's Disease: New Numbers Behind the Crisis, 2016.