Question of the Day [Latinx/Hispanic Heritage Month]: A 2020 Hispanic Wealth Report found that Latinos are most likely to build wealth through: stocks, bonds, or real estate?
Answer: Real Estate
- Why is real estate typically a strong investment option?
- What are ways an individual can work towards owning their own property?
- How would owning an investment property outside of a primary residence be helpful for building wealth?
- Although real estate can help build wealth, why is it still important to diversify investments?
Behind the numbers (2020 Hispanic Wealth Report):
"More likely to invest in real estate: Among HWP Survey respondents, despite a 16-percentage point homeownership gap between Latinos and non-Hispanic Whites, Latinos were 25 percent more likely to own real estate investment outside of their primary residence than non-Hispanic White households.
Extra money toward real estate: Latino HWP Survey respondents were more than twice as likely to report using extra money to invest in real estate (9 percent) than non-Hispanic White households (4 percent). This number increased to 29 percent among Latino households that own a business."
Learn more about credit and paying down debt from NGPF colleague, Yanely Espinal, showcased in A Guide to Credit for Hispanics & Latinos
Check out our new Fincap Friday focusing on entrepreneurship in the Latinx community - FinCap Friday: Entrepreneurship On The Rise
About the Author
After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.