Moneda Moves (101): Why Latinx Numbers In the Census Matter In 2021
Hola, feliz weekend Moneda Moves readers.
A question for you, mi gente: Has the way you identify changed in the census in the last few years?
It may be something we may not have given as much thought to before recent years, but whether we realize it or not — this has money and political power implications. That’s what I’d like us to consider today.
The latest census shows the Latinx community drove the country’s demographic growth, shooting up to 62.1 million, per NBC News.
Perhaps one of the biggest shifts the Census Bureau noted was that: While there was big growth in Latinx who identified as more than one race, the number of Hispanics who identified as white decreased. Exactly how much? That number has soared from 26.7 million in 2010 to 12.6 million in 2020. This speaks to the power potential that the Latinx community has at-large, especially when census experts agree that the Latinx population has been historically undercounted.
And what advocate groups now want to bring attention to is that these census numbers are what become so critical for splitting billions of dollars in federal funding and are also used by governments to divide populations into voting districts.
Read the full story in NBC News Suzanne Gamboa — and keep these details in mind as I fully expect Latinx and access to capital as well as economic power will be a recurring theme of discussion for the community.
Con poder,
Lyanne
Headlines to put on your radar.
How Latinx can get money and power through redistricting: As we mentioned, advocate groups now want to bring attention to is that these census numbers are what become so critical for splitting billions of dollars in federal funding and are also used by governments to divide populations into voting districts. Read more about it here.
Voices in business, fintech, entrepreneurship and beyond.
Martinis and Your Money with Moneda Moves: My journey in learning more about my relationship with money has come in a series of steps, rather than one fell swoop. One of them was signing up for The Financial Gym in NYC at some point and deciding I was going to figure out a plan to better manage my money following a big promotion in an expensive city.
🗓 In a sort of fortuitous way, earlier this year, the CEO, Shannon McLay, of that same company reached out to me to talk about Moneda Moves and money at-large on her podcast, Martinis and Money.
🎧 So here we were years later, someone who created a company that helped me with my money, now talking with me about how to make a Paloma but also Latinx folks and money. Kinda funny how circular life is sometimes isn’t it?
Anyway, would love if you checked out the podcast— linked here. From the synopsis:
“I’m excited to share with you Lyanne Alfaro’s story and her journey to create the Moneda Moves podcast and newsletter, a platform for Latinos to discuss money. Lyanne joins me today to discuss the racial wealth gap in the Latino community, the roles small businesses play in building generational wealth, and why there needs to be more opportunities for the community to speak openly about money.”
Thank you for joining us! Until next week, catch us here on Moneda Moves.