Economics

The numbers reflecting real median income of Hispanic households, the poverty rate and the percentage of Hispanics who lacked health insurance remained unchanged between 2003 and 2004.

Twenty-nine percent (29%) of Hispanic children 18 years or younger still live in poverty.

The number of Latina-owned firms increased 63.9% from 1997 to 2004. Hispanic women lead other groups of minority women in terms of the number of firms owned.

In 2002, there were 1.6 million Hispanic-owned businesses.

The rate of growth of Hispanic-owned businesses between 1997 and 2002 was 31 percent, compared to the national average (10 percent) for all businesses.

Hispanic-owned businesses generated $222 billion revenue in 2002, up 19 percent from 1997.

Over 29,000 Hispanic-owned firms had annual receipts of $1 million or more in 2004.

Across the nation, U.S. Hispanic purchasing power has surged to nearly $700 billion and is projected to reach $1 trillion by 2010, nearly three times the overall national rate of consumer purchasing power over the past decade.