Question of the Day [Hispanic & Latinx Heritage Month]: What is the #1 motivation for Hispanic & Latinx investors to start investing?
Everyone needs a reason to get started investing. What's yours?
Answer: Building generational wealth and supporting family
- How does investing build generational wealth?
- There are many ways to invest money. Why is it important to diversify investments?
- Why is real estate typically a strong investment option?
- Have you started investing? What has been your motivation to get started?
Behind the numbers (J.P. Morgan):
"For... Hispanic and Latino respondents, motivations for investing skew toward future generations. Whether it be to save for retirement, to pay for your kid’s college down the line, or to generally combat inflation, everyone who invests has to start somewhere, and there is always some inherent motivation for starting. Responding Black, Hispanic, and Latino investors (71% and 65%) say they were more motivated than White investors (55%) to start investing by the prospect of building wealth to pass down to future generations. The Black, Hispanic, and Latina women investor subset of this group scored high on the same sentiment."
Check out more NGPF resources to celebrate Hispanic & Latinx Heritage Month!
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