Statistics Show Latinos’ Wallets Are Getting Bigger
1 October 2007, 1:30 PM. By Daniel Mauser
An Op-Ed article in the New York Times this morning informs us that the Census Bureau found the percentage of people living in poverty has fallen since 2005. A closer look reveals that Hispanics are uncannily one of the groups rising out from the depths of slumsville and making considerable economic progress. The article’s author supplies a myriad of staggering numbers and statistics–enough to make our head hurt with our poor educational background:
One explanation for this economic progress is increased education. From 1994 to 2005, the percentage of 18- to 24-year-old Hispanics who graduated from high school or obtained a general equivalency diploma rose to about 66 percent from about 56 percent. About 25 percent are now enrolled in college, up from about 19 percent in 1994. Hispanics are moving rapidly into many management, professional and other white-collar occupations.
Too bad we’re still frivolous spenders or else we’d all be rich bastards. Oh, well. Baby steps.
The Rio Grande Rises [NYTimes]
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Damn, I’d have that down payment for my apartment if I hadn’t bought seventeen zoot suits. Fuck! Why am I such a frivolously spending Latino? (asks my mom…)
just as long as you don’t stuff it all in a duffel bag, you’re good to go.
Oh horray…now ‘Hispanics’ get to swell the ranks of corporate maquilladoras all over the U.S. trying to pay off the student loan debts acquired from all that college. Are the wallets fatter because they have more money? Oh no…it’s because there’s more room for credit cards!!!
All in all…we’re becoming ripe for banks to sell us financial products!!! Banamex, banco popular, and all of them should be advertising on this site NOW!!!!
It won’t be long until we really hit the zenith of financial autonomy and progress: bankruptcy :)
chikidracula, if that’s what it takes, then we’ve been there for a bit.
mare mare again (i’m still deciding on a name).
too bad we’re still like eons away from catching up to the ranks of los gringos. student loans and following our hearts into non-profit careers will keep peeps like me out of the high ranks until we hit the lotto.
Those people look familiar…