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Latin Times
Latin Times
National
Abel Rodríguez

Latinos Increased Wealth During Covid By 42%, Remain Below Average Net Worth in U.S.

Covid-19 United States Hispanic Pew Research
Latinos have a special relationship with money, says h.way co-founder Lionel Carrillo. (Credit: Unsplash.com)

CHICAGO — The wealth of Hispanic households in the U.S. grew by 42% during COVID-19, according to a new study from Pew Research. However, their net worth remains lower than that of American-born households.

According to the survey, Hispanics saw the most significant increase in their wealth between 2019 and 2021. In 2021, Hispanic households had a median net worth of $48,700, which was substantially higher than the median net worth for a Hispanic household in 2019, which stood at $34,400.

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