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Opening remarks at Demographics are Not Destiny: Fostering Conditions to Advance Latino Business Growth, Federal Reserve Bank of New York, New York City
Remarks at Demographics are Not Destiny: Fostering Conditions to Advance Latino Business Growth, Federal Reserve Bank of New York, New York City.
Trends in poverty and inequality among Hispanics
Since the 1970s, the poverty rate has remained largely unchanged among Hispanics but has declined among non-Hispanic whites and blacks, particularly before the onset of the recent recession. The influx of large numbers of immigrants partially explains why poverty rates have not fallen over time among Hispanics> ; In 2009, Hispanics were more than twice as likely to be poor than non-Hispanic whites. Lower average English ability, low levels of educational attainment, part-time employment, the youthfulness of Hispanic household heads, and the 2007?09 recession are important factors that have ...