Hispanics' rising wealth fuels growth of new luxury market
Hispanics are a major force behind the current trend toward growing wealth and social mobility. According to Merrill's "Diverse Viewpoints: Exploring Wealth in the Hispanic/Latino Community" report, the number of wealthy Hispanics (those earning $125,000 or more) increased 81% in the last five years, compared to 53% for the general population.
Source: MediaPost
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