Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger

Published On Sep 17, 2024, 12:57 PM

A recent report shows that Latinas contributed $1.3 trillion to the U.S. economy in 2021, a 51.1% increase from 2010, indicating that their economic impact has been substantial and growing rapidly. Their contributions, exceeding those of Florida’s economy, suggest significant potential for future growth, particularly as they continue to increase labor force participation and enhance educational attainment. Some economists believe the actual contributions may be even higher due to unmeasured economic activities, such as unpaid child care, which are not reflected in the figures. Latinas have outperformed other demographic groups in labor force growth, especially during the economic recovery post-COVID-19, underscoring their role as vital economic drivers.