The economic impact of Latinas on U.S. GDP growth
Nov. 2
In this episode, we explored the incredible rise of Latina economic power in the U.S.
A groundbreaking report from California Lutheran University, UCLA’s Center for the Study of Latino Health and Culture and Bank of America revealed Latinas are not just contributing to the economy, they are essential to the economy.
Discover the stunning statistics: the Latina GDP surged to $1.3 trillion in 2021, up from $663 billion in 2010, marking a remarkable 51.1% growth rate and outpacing both Latino men and the overall population. Education rates for Latinas are skyrocketing, with a 103% increase from 2010 to 2021, while real income for Hispanic women has risen by 46% in the same period.
In a discussion with Dr. David Hayes-Bautista, a renowned professor of medicine and director of the Center for the Study of Latino Health and Culture at UCLA, we dove deeper into these findings and what they mean for the future.
We also explored the remarkable demographic trends affecting Latinas and their significant impact on human capital development. As Dr. Hayes-Bautista revealed, the increasing educational attainment and workforce participation among Latinas are leading to a distinctive GDP growth pattern, setting them apart from other demographic groups.
With the data reflecting that the Latino GDP growth during COVID-19 surpassed that of India and accelerated faster than China, we uncovered how these major shifts in human capital are poised to drive Latina GDP growth over the next two to three decades.