You won’t hear this reported in the mainstream media, but Hispanic Americans are making significant financial gains during the Trump presidency.
The Washington Examiner has the story:
Boom: Hispanics lead housing, income surge, poverty at record low
Latinos are finding their economic legs under the Trump administration, leading the surge in home ownership and income growth and record low poverty rates, according to two comprehensive new surveys.
While they remain far behind whites in income, they have seen their third consecutive year of income growth and have a higher workplace participation rate, according to the National Association of Hispanic Real Estate Professionals and the Hispanic Wealth Project.
In two studies just released, the groups also provided revealing details about Latinos and their growth in America. For example, by 2060, nearly one of every three in the U.S. will identify as Latino.
The reports detailed Hispanic housing and economic trends and found most signs better under Trump.
See the tweet below:
According to @nahrep's latest Hispanic Wealth Project Annual Report, Hispanics accounted for 15% of the net homeownership gains in 2017. pic.twitter.com/SQSN7GIAH4
— Latino Focus (@LatinoFocus) May 24, 2018
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The report also cites these items:
– 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 of owner households added for Latinos since 2005.
– In 2017, Hispanics saw the 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, and the percentage of Latino millionaires more than doubled between 2013 and 2016.
All of that explains the report below.
Trump’s Secret to Victory in 2020: Hispanic Voters
Now, here’s the brutal truth for Democrats: If Hispanic Americans are in fact showing surging approval of Trump, he could be on his way to matching or exceeding the 40 percent won by George W. Bush in his 2004.
If Trump does 12 percentage points better than his 2016 numbers with the growing Hispanic vote, it pretty much takes Florida, Arizona, Georgia and North Carolina off the table for Democrats, who would need to sweep Michigan, Pennsylvania and Wisconsin to reach the 270 electoral college votes needed to win the White House.
At the same time, that 12-point shift would give Trump a clear shot at winning Colorado and Nevada, states where Hispanic voters make up well over 10 percent of the electorate and where Clinton won by 5 percentage points or less in 2016.
All of this should worry Democrats.
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