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Jennifer Auerbach-Rodriguez, a Strategic Growth Markets Executive at Merrill Wealth Management, discusses the impressive $1.3 trillion economic contribution of Latinas to the US GDP. She highlights their growing influence through education and entrepreneurship. Andrew Liveris, former CEO of Dow, shares insights from his book on navigating leadership in disruptive times. He emphasizes the importance of corporate responsibility in addressing social issues and the need for integrity and innovation in today’s business landscape.
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Quick takeaways
- Latinas significantly boosted the US economy by contributing $1.3 trillion to the GDP in 2021, highlighting their growing influence and economic power.
- Financial institutions must adapt their services with cultural competence to effectively support the unique financial needs of the burgeoning Latina demographic.
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Economic Contribution of Latinas
Latinas contributed $1.3 trillion to the US GDP in 2021, marking a significant increase from $661 billion in 2010. This impressive growth is attributed to various factors, including heightened educational attainment, increased labor force participation, and a surge in entrepreneurship. For instance, the number of Latinas with a bachelor's degree or higher rose by 103% from 2010 to 2021, surpassing growth rates in the non-Hispanic female population. Additionally, Latinas made up over 30% of the growth in the US labor force since 2010, demonstrating their pivotal role in shaping the economy.
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