Latinos in San Diego County are younger than the average county resident, the majority are born here or are citizens, and the wealth gap between them and non-Latinos is large, a report released Wednesday shows. revealed in the book.
The Latino State Report, commissioned by the San Diego Foundation, found that San Diego Latinos earn, on average, about $28,000 less annually than white county residents. This can be explained by a number of factors, but the report highlights economic challenges due to institutional and language barriers.
“The Latin America State Report shows that philanthropic investments are driving economic mobility and intergenerational wealth for San Diego’s 1.14 million Latinos,” said Mark Stewart, president and CEO of the San Diego Foundation. “This is an important tool for understanding how we can activate the human body.”
This report was produced in partnership with the San Diego Center for Regional Policy and Innovation and SDF’s El Camino Fund. The El Camino Foundation is a philanthropic foundation that raises money to provide greater economic opportunity for area Latino residents.
SDF’s statement said the foundation is “developing new paths to help San Diego’s Latinos thrive in entrepreneurship, workforce training, financial literacy, homeownership, and more. “We are investing in.”
Other important points mentioned in the report are:
— The average age of Latinos in this region is 33 years old, compared to 42 years of age for non-Latinx residents.
— A total of 70% of San Diego County’s Latino residents were born in the U.S., and the remaining 53% are U.S. citizens. and
— About 24% have a bachelor’s degree. This is significantly higher than neighboring counties, but lower than other demographics within the county.
The foundation proposes several solutions to the socio-economic disparity between Latinos and non-Latinos, including Spanish-language services and building trust between institutions and Latinos.
