skip to main content
skip to newscasts

Monday, December 15, 2025

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Person of interest identified in connection with deadly Brown University shooting as police gather evidence; Bondi Beach gunmen who killed 15 after targeting Jewish celebration were father and son, police say; Nebraska farmers get help from Washington for crop losses; Study: TX teens most affected by state abortion ban; Gender wage gap narrows in Greater Boston as racial gap widens.

view newscast page
play newscast audioPlay

Debates over prosecutorial power, utility oversight, and personal autonomy are intensifying nationwide as states advance new policies on end-of-life care and teen reproductive access. Communities also confront violence after the Brown University shooting.

view newscast page
play newscast audioPlay

Farmers face skyrocketing healthcare costs if Congress fails to act this month, residents of communities without mental health resources are getting trained themselves and a flood-devasted Texas theater group vows, 'the show must go on.'

Latinos in AZ struggle with closing the wealth gap

play audio
Play

Thursday, October 26, 2023   

Latinos make up 32.5% of Arizona's population and a recent webinar looked at the important role Latinos play in shaping the U.S. economy.

According to the Latino Policy and Politics Institute at the University of California, Los Angeles - not only do Latinos have a high labor participation rate in the state of Arizona, they also are more likely to own a home relative to the average U.S. Latino.

The Brookings Institution has found Latino wealth has grown about 7% annually over the last 20 years, but a persistent wealth gap still exists between Latino and white families.

Joe Scantlebury is the president and CEO of Living Cities. He said it is important to look at the larger picture of the findings in the report.

"Yes, we are owning homes at a higher rate than some other groups, and I think that'll continue to rise," said Scantlebury. "But what is the quality of the homes that we are owning? Are they sustainable where they are? Are they being developed in ways that add value over time or do they just give us higher debt?"

Half of Latinos in Arizona are housing cost burdened, meaning they spend more than 30% of their income on housing.

Scantlebury added that he would like to see an "emergence of an equitable and inclusive economy."

The report calls for significant federal investments, subsidies and programs aimed at closing the Latino wealth gap.

Sylvia Puente is the president and CEO of the Latino Policy Forum.

She said many times when members of the Latino community are asked how to build wealth, many will respond with needing to take another job, or having to work more.

She said it is precisely this type of mentality within the Latino community that needs to change.

"We know that most wealth accumulation is not happening from people who are getting their hands, toiling their hands doing anything, right?" said Puente. "It is how money builds on top of money, so part of it is helping people understand the dynamics of what wealth is and how to build it."

Puente said Latinos across the United States are in different financial situations. Those who find themselves in economic precarity may have to first achieve stability before prioritizing wealth-building goals.


get more stories like this via email

more stories
Lt. Gov. Micah Beckwith said he does not know what was discussed during a Thursday closed-door Statehouse meeting with Vice President JD Vance and Gov. Mike Braun. (Adobe Stock)

Social Issues

play sound

By Kyla Russell for WISH-TV.Broadcast version by Joe Ulery for Indiana News Service reporting for the WISH-TV-Free Press Indiana-Public News Service C…


Social Issues

play sound

Rural LGBTQ+ youth in Indiana face greater mental health challenges, but have found ways to build community online, according to a new report…

Social Issues

play sound

By Marilyn Odendahl for The Indiana Citizen.Broadcast version by Joe Ulery for Indiana News Service reporting for the Indiana Citizen-Free Press India…


Indiana University's summit includes a session about a new Registered Apprenticeship Program aimed at boosting the teacher workforce. (Adobe stock)

play sound

An Indiana-based summit meeting will spotlight how university campuses can help power economic growth across the state. Indiana University hosts its …

Social Issues

play sound

Groups fighting for a free and fair judicial system are speaking out against violence, threats and insults targeting judges in Indiana and across the …

Experts recommend not overscheduling kids in the first few weeks of school because they are often more tired and emotionally drained as they adjust to a new routine. (Adobe Stock)

Health and Wellness

play sound

Indiana families are preparing kids for back-to-school season, and mental-health experts say emotional readiness is just as important as school …

Environment

play sound

The Trump administration's long-term plan for artificial intelligence could have far-reaching environmental impacts across the country. His strategy …

Social Issues

play sound

A public funding mechanism for Seattle elections is up for renewal in next week's election. The Democracy Voucher program was passed 10 years ago…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021