Hispanic households grow, accounting for more than half of new homeowners

1 Despite slowing growth rates, Latinos still accounted for more than half (54%) of total U.S. population growth from 2000 to 2014. Hispanics drove at least half of overall population growth in 524 counties that had at least 1,000 Latinos in 2014. In these counties, Hispanic population growth accounted for 54% or more of total growth.

How Ish Monroe Rigs His Boat with an HDS Gen3 Network Interestingly, millennials are more likely than any other age group to have more emergency savings than credit card debt. a part in helping them grow their savings accounts," he added. Alarmingly,

have a huge advantage in net worth over renters and other households. Hispanic homeowners, in fact, have a net worth that is half again as high as the wealth of non-Hispanic homeowners. But non-Hispanic households are much more likely to own homes and that creates an even bigger gulf in wealth across the two groups.

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Banked Households: Types of Accounts, Methods Used to Access Accounts, and Bank.. and Hispanic households.5 Despite these improvements, More than half (58.7 percent) of unbanked households in.. to increase sharply, while use of bank tellers declined.. The 2017 survey included new questions that asked all.

more than one-third (34 percent) earn more than $60,000 annually. Also, Hispanic households have relatively less formal education compared with non-Hispanic households. Almost one-half of Hispanic heads of household (46 percent) have less than a high school education and only one-third have some education beyond high school.

Minority Homeownership Rate Sets New All-Time High. July 01, 2001.. While more than two- thirds of Americans own their own home, fewer than half of African-American and Hispanic families are homeowners," said Martinez. "We must do more and this administration is committed to doing more."

roughly half the tax bill for a new owner of an identical home, who paid about $5,200. This discount, the result of state tax breaks for longtime homeowners, was about $450 higher in 2018 than in 2017.

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The Urban Institute predicts that Hispanics will account for more than half of all new homeowners over the next several years and 56 percent of all new homeowners by 2030. The states and territories with the highest homeownership rates of Hispanics include Puerto Rico (68.56 percent), New Mexico (65.5 percent), Texas (56.86 percent), Wyoming (56.63 percent), and Michigan (56.13 percent).

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