-
In 2004, Hispanics made
up 22.5% of the U.S. population living in
poverty
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In 2003, first generation
Latinos earned an average of 457-dollars a
week, second generation Latinos earned an
average of 535-dollars a week, and third
generation Latinos earned an average of
550-dollars a week
-
As of 2004, Foreign-born
Hispanics make up the lowest earning bracket
in the U.S. workforce, making an average of
350-dollars a week; this is about
200-dollars less than what non-Hispanic
whites make on average
-
The average net worth of
a Hispanic household in 2002 was about
$7,932.00
-
Hispanic households earn
less than ten cents for every dollar earned
by a non-Hispanic white. The two main
reasons for this disparity are minorities
have less access to the financial markets
than non-Hispanic whites and they face
greater barriers on the road to
homeownership
-
Hispanic homeowners have
a net worth that is half as much as
non-Hispanics
-
26% of Latinos had a zero
or negative net worth in 2002. This
percentage has stayed about the same since
1996
-
The homeownership rate
for Hispanic households was 47.3% for 2002
-
Over 25% of Latinos own
no assets other than a vehicle or unsecured
liabilities
-
The relative net worth of
Hispanics to non-Hispanic whites is 8.9%
-
Hispanic households are
two to three times more likely than
non-Hispanic white households to have a zero
or negative net worth
-
Middle-class Hispanic
households have less than a fifth of the
wealth of non-Hispanic whites
-
About three quarters of
Hispanic households report owning at least
one vehicle in 2002
-
Over 45% of Hispanic
households reported having unsecured
liabilities in 2002
-
In 2002, about 2% of
Hispanics owned rental properties
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In 2002, a little under
42% of Hispanics had interest earning assets
-
Almost 30% of Hispanics
had a checking account in 2002
-
4.3% of Hispanics
reported having U.S. Savings Bonds in 2002
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In 2002, around 7% of
Hispanics had IRA and Keogh accounts
-
In 2002, 18.5% of
Hispanics had a 401k account
-
Stocks and Mutual Funds
were owned by about 9% of Hispanics in 2002
-
About 8% of Hispanics
owned a business in 2002
-
The average net worth of
a Hispanic who rents their primary residence
is 762-dollars
-
The median net worth of a
Hispanic who owns their primary residence is
$62,839
-
The average net worth of
a Hispanic under the age of 24 was $1,218 in
2002
-
Hispanics ages 25 to 34
had an average net worth of $3,857 in 2002
-
Hispanics between the
ages of 35 and 44 had a median net worth of
$9,994 in 2002
-
Hispanics 45-54 years-old
had an average net worth of $23,475 in 2002
-
In 2002, Hispanics
between the ages of 55-64 years was $29,074
-
Hispanic males, as a
whole, had a median net worth of $13,154 in
2002
-
Hispanic females, as a
whole, had a median net worth of $4,489 in
2002
