💸Moneda Moves (45): More Latinos than ever are seeking to get their degree 🏫
Welcome back to Moneda Moves, mi gente!
Here's some for thought to kickstart your Friday: We have heard that Latinas will be a force to be reckoned with in the future in the future American labor force. But what exactly does that look like?
By 2028, Latinas are forecast to account for 9.2% of the total labor force, up from 7.5% in 2018, according to the Bureau of Labor Statistics. Latinos — both women and men — will account for a fifth of the worker pool by then. Today, 61% of Latinas are participating in the labor force, which is higher than the national rate for females overall at at 59%, per the November job report.
(Source: Los Angeles Times)
These are powerful stats to keep in mind as we continue our conversations about the power of different demographic groups and representation in the workforce.
Con poder✊🏽,
Lyanne
Keep tabs/cuentas on what's happening at the intersection of Latinx and money.
More Latinos than ever are seeking to get their degree, but graduating proves to be a challenge 🏫: An interesting stat for you: The number of Latinos enrolled in college rose from 3.17 from 2016 to 3.27 million in 2017, making them one of two demographic groups to increase in college attendance. Per the National Center for Education Statistics, that is nearly double the amount of students attending school in 2000 at 1.4 million.
And while this is good news, what is increasingly difficult for some students is to graduate. Nearly half of Latinos are the first in their family to go to college, meaning they are the first from their family to learn how to navigate the higher education system. Also, less than half are eligible for Pell Grants. The financial strains make it increasingly difficult to stay in school and graduate. This USA Today article lays out some of the pain points for students.
Know the powerful/potentes Latinx and up-and-comers in the money world.
Ride-hailing app, Sube lands in Havana🇨🇺: If you have traveled to Cuba as a foreigner, you may have experienced that getting a car involves either reserving through a person you meet or flagging one on the road in person. Previously, there had been no Uber or Lyft like service, until now. A few Cuban entrepreneurs in their 20s set out to address the need with their app Sube, meaning "hop in." Like Lyft, the app enables users to book cars and take them to another part of the island. As is the case for some tourists, this destination could be another province, as far as six hours away driving. But this service in not explicitly for tourists at all. The app was originally launched more than a year ago to help Cubans find nearby taxis and negotiate a price.
(Credit: Giphy)
The founders of the app say that Sube could help address travel needs especially now that the U.S. administration has suspended charter flights to Cuba except for the capital, Havana. So far the app has been downloaded 10,000 times and has 6,000 registered users. Not a bad start! (Full story in NBC Latino.)
Put your money/monedita where your mouth is! Some money updates for thought.
How to continue to support Puerto Rico following natural disasters💰: Over the last two weeks, more than 1,000 quakes have rattled Puerto Rico. Residents of the island in the areas affected the most are suffering from lack of housing, work and the psychological triggers of the aftershocks.
Our neighbors in on the island need our support following the series of tremors and losses.
Last week, El Frente, in partnership other local Puerto Rican organizations hosted a local fundraiser at Overthrow NYC. They will continue to raise money at @elfrentepr (Instagram) and https://elfrentepr.org/ 🇵🇷
There's more where this came from. Want to keep up with all things Latinos and money daily? Follow us on Instagram,Twitter and share this nottita con tu socio. Hasta la próxima.
(Credit: Giphy)