New report shows fast-growing economic clout of Latinx community in the U.S.
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Latinx GDP in 2021 was $2.7 trillion, making it the 5th largest economy if Latinxs were a country. Their purchasing power totaled $3.4 trillion.
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Between 2011-2021, Latinx income grew at an annualized rate of 4.7%, much faster than non-Latinx income growth of 1.9%.
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The report argues for greater investment in Latinx communities based on their economic output and growth.
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The author cautions against defining Latinx worth solely through economic metrics, arguing human dignity matters beyond just productivity.
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The report provides data and context for businesses and leaders on the growing Latinx economic influence.
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