As we enter into Hispanic Heritage month, a time to celebrate Latino culture, it is also a time to reflect on the Latino community as a whole. Though the Latino community is rich in cultures from across Latin America and known for a strong work ethic, we find that the Latino community in America is not rich in wealth.
Latino’s, today, are facing the consequences of decades’ long policy decisions that have disproportionately affected people of color. Recently released data by Prosperity Now shows that 60.7% of Latino households are liquid asset poor, compared to 50% of Black households, and 28% of White household. This means that more than half of Latino households wouldn’t be able to cover basic expenses for three months if they were to suffer a sudden financial crisis or, in other words, most Latinos are one crisis away from financial ruin. READ MORE AT HUFFPOST
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