Hispanics Benefit From Trump Economy
Home ownership and income rates are increasing rapidly for Hispanics.
While the Leftmedia regularly asserts that President Donald Trump’s “America First” rhetoric is damaging to Hispanics, the reality on the ground is just the opposite. Recent surveys show that for the third consecutive year, Hispanic income growth and workplace participation have increased steadily. In other words, like the rest of the country, economic trends for Hispanic Americans are better under Trump.
The Hispanic Wealth Project projects that within the next five years, Hispanic median income will triple. Here are a few more positive trends from the report:
For the fourth consecutive year, Hispanics increased their rate of home ownership, reaching a rate of 47.1%. In 2018, Latinos added 362,000 homeowners, which is the highest number added for Latinos since 2005.
In 2017, Hispanics saw their third consecutive year of income growth and the highest of any demographic.
Between 2016 and 2017, Hispanics increased their real median income by 3.7%. Latino families making an annual income over $200,000 increased from 2.1% in 2011 to 3.8% in 2017.
Poverty rates reached a historic low for Latinos. In tandem with median-income growth, Hispanics have lowered their poverty rate for three consecutive years. With a poverty rate of 18.3% in 2017, Hispanics reached their lowest level since poverty estimates for Hispanics were first published by the U.S. Census Bureau in 1972.
Latinos have a significantly higher labor-participation rate than that of the general population, at 66.1% compared to 62.9%. The Hispanic unemployment rate fell by more than seven percentage points between 2009 and 2018, from 12.1% to 4.7%.
If these trends continue as projected, Democrats may have a tough time convincing Hispanic Americans to vote against el presidente malo in 2020.