Has Hispanic American Income Risen Faster Than All Others?
Note: Sources for this article varied in their use of Hispanic vs. Latino. For simplicity, the term Hispanic has been used. In this article, the term ‘Hispanic’ refers primarily to immigrants from Latin America and their U.S.-born descendants. Has Hispanic American income risen faster than any other in recent years? The short answer is yes. However, there are many asterisks to consider. The situation is a complex one, made even more complicated by the economic impact of COVID-19. Income Growth of Hispanic Americans In a recent Bloomberg opinion article , also picked up by Yahoo News, columnist Noah Smith detailed the income growth of Hispanic Americans. According to the article, from 2014 to 2019, Hispanics logged greater income growth than any of America’s other main racial groups. A r ecent post by the Pew Research Center backs up this claim, noting that Hispanic median personal income growth rose 5% between 2007 and 2017, vs. 3%