Hispanic Heritage Month is a celebration of the Hispanic community and its relevance in the United States.
Every year the Hispanic population increases. According to the United States Census Bureau, the Hispanic population in the United States was 600,572,237 people in 2019; an increase of 20% since 2010!
Nevertheless, the impact of the Hispanic community goes beyond mere numbers. Its culture and traditions influence society and the economy.
The study “The Latino Influence Project” found Americans who live in Hispanic neighborhoods eat more Hispanics foods, listen to more Latin music and watch Latin American sports. Additionally, the study indicated Americans who live in Hispanic neighborhoods were more conscientious about the environment, and more interested in other cultures and travelling the world. For this reason, when speaking of the Hispanic community, one is acknowledging the contributions and opportunities this community generates in the future successes of the United States.
The Latino community has demonstrated they are not taking away jobs from Americans. On the contrary, they play a vital role in the US economy.
Latino businesses, both small and large, generate a great number of job opportunities for people, regardless of their origin. According to the U.S Senate, Latinos own 3.2 million businesses in the United States and produce 500 billion dollars annually.
Nevertheless, the impact of the Hispanic community goes beyond numbers. Their culture and traditions contribute to social and financial matters. Indeed, the Latino determination to succeed has led to an increase of 46% in Latino businesses between 2007 and 2012.
This is the fastest growth rate as compared to any other ethnic group.
According to the New American Economy, over 1.2 million Mexicans and Mexican-Americans are entrepreneurs. That is a larger amount compared to Asians and Pacific Islanders. The Latino community also plays a vital role in the U.S workforce. Their contribution is evident. Close to 16% of the U.S workforce is made up of Latinos which represents a total of 25 million people.