Are U.S. Latinos the Blind Spot of America?
According to Beatriz Acevedo, our economic landscape is shifting towards Latinos, but many people are not noticing this like a blind spot when you are driving. Acevedo, who is the founding partner and president of the digital media company called mitú, argues that Latinos’ substantial contributions to the U.S. economy have essentially gone unnoticed by the mainstream media. According to a report by the Latino Donor Collaborative, the Latino population is predicted to represent 24.4 percent of the U.S.’s total gross domestic product (GDP) growth, and the U.S. Latino GDP today is growing 70 percent faster than the country’s non-Latino GDP. That is very good news for U.S. Latinos because it shows that more of them are prospering economically. Apparently, the U.S. Latino GDP represents $2.13 trillion, which is larger than the GDPs of Brazil, Canada, India, and Italy.
Surprisingly, U.S. Latinos launched 86 percent of all new businesses in the U.S. within the last decade. Latinos also happen to be the youngest ethnic group in the nation, which means that U.S. Latinos will become more influential in the incoming years. According to Acevedo, Latinos already account for a large percentage of sales growth for automobile and home purchasing, which will increase further as the Latino population increased. She claims that by 2060, Latinos are projected to account for almost 30 percent of the U.S. population. Hopefully, in the near future, U.S. Latinos will no longer be the blind spot of America and instead will have proper visibility in the nation.