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The Latino community will define America’s economic future. Will you help shape it?

Mike Periu 200x300 The Latino community will define America’s economic future. Will you help shape it?By Mike Periu, President, Proximo, Inc.; CEE Board Member.

My wife and I went out to dinner the other night with our three lovely daughters who are six, three and almost two years of age respectively.  While eating at this family restaurant, I noticed something that – unfortunately – is no longer that unusual; we were one of the few adults that had children and the only ones with more than two. I half-jokingly told my wife “I wonder how much our daughters will have to pay in taxes to support so many future retirees.”

My family is from Cuba and my wife is from Nicaragua, and like other Latinos, we have a large family.  According to the National Center for Health Statistics, the fertility rate for Hispanic women in the U.S. is 2.35, far above the replacement rate of 2.1 and significantly higher than the 1.6 experienced by Non-Hispanic, white women.  What this means is that our country’s population will be increasingly composed of and influenced by Latinos.  The country’s overall standard of living in a few decades will be largely defined by the financial and economic performance of Latinos. Read more…

POSTED: April 11, 2013 | BY: Leslie Rasimas | TAGS: , , , , , , ,

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