Studies show Latinos in the U.S. have the fifth largest GDP in the world, with a fast-growing spending and purchasing power overall.
Irán Sanchez Salazar and Daisy Orosco pose in front of their coffee pop-up cart. The business and real-life partners started their coffee brand, Malcriada, in 2022.
Malcriada sells its specialty coffee, inspired by Mexican and Chicano heritage, at pop-ups in Los Angeels. The brand was started by Irán Sanchez Salazar and Daisy Orosco. California also had the largest Latino economic output in 2021, amounting to $682 billion — followed by Texas and Florida, according to the latestby the Latino Donor Collaborative, published in late September. With a growing consumption and purchasing power, the California Latino economy alone would rank the 21st largest in the world, between Poland and Switzerland.
A combination of “robust population growth, high labor force participation, and increasing human capital will continue to drive the dynamic growth witnessed so far,” the report says.— and becoming employed. This influx of younger, working-age Latinos, alongside economic advancements, is what’s making a difference, said Sol Trujillo, co-founder of the Latino Donor Collaborative.
Coffee connoisseur Sanchez Salazar was proud to hear about the growing Latino GDP. He and his business partner hope to one day open up Malcriada cafés of their own around southeast L.A. “I launched because Latinos are growing in purchasing power, in political power and in representation, especially in California,” Rivera, 38, said. “People always kind of pigeonhole us and act like we’re a monolith. They have almost a caricature of what a Latino or Mexican might be in California. Now, our disposable income tends to be increasing, as we’re expanding out from just manual labor jobs… we’re coming into our own, learning new things and participating in the economy.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US Latino population accounts for fifth largest economy in the worldA recently released report shows the significant contribution Latinos make as consumers, producers and business leaders.
Lire la suite »
Disciplined over his hair, Black student just wants to resume studiesBy the time Darryl George is allowed to return to Barbers Hill High School in Mont Belvieu, Texas, in November, he will have missed 56 of 67 days of regular classroom instruction to start his junio…
Lire la suite »
Houston organization fights for more Hispanic representation in local governmentHispanics or Latinos accounted for nearly 45% of Houston's population in 2020, and there is only one Latino on the Houston City Council.
Lire la suite »
Nuclear scientist at Argonne National Laboratory helping pave way for Latino students in STEMAn Argonne scientist shows a group of Latino students from Joliet how to make a nuclear fuel pellet with the hopes of inspiring them to consider a career in STEM.
Lire la suite »
Redmond radio station pioneers bilingual broadcasting for growing Latino communityA radio station in Redmond is working on bridging the gap for Spanish-language news in Washington state.
Lire la suite »