According to a recent study, African-Americans and Latinos are grossly under-represented in the financial services industry and the representation of these groups is expected to drastically decline if hiring and retention efforts are not made a priority by banks and other financial institutions.
Investment
NBCUniversal Telemundo Enterprises extends “NUESTRAS FINANZAS” campaign
NBCUniversal Telemundo Enterprises is again bringing awareness to Financial Literacy Month through the next phase of its national Nuestras Finanzas (Our Finances) campaign to continue to empower the U.S. Hispanic community with information and resources about key aspects of financial literacy.
Retail Spending Continues as Spending on Activities Rises
U.S. consumers have started to spend on in-person experiences again, but the pull-back on general merchandise retail spending that is expected to coincide with it has not played out. At least, not yet. Experiential spending reached 91% of 2019 levels, as of the end of 2021, but general merchandise retail spending remained elevated 19% above pre-pandemic levels, according to The NPD Group. Some diminished demand has been evident, with retail unit sales declining in nine of the first ten weeks of 2022, when compared to last year. However, revenue rose in excess of 5% in four of the same ten weeks.
BRIDGING THE DIVERSITY GAP [REPORT]
What’s the Most Effective Means of Influencer Marketing?
Influencer marketing is rapidly gaining popularity among brand marketers, and according to April 2016 research, nearly three-quarters of US marketers cite ongoing ambassadorships as one of the most effective uses of influencers.
Latin Music Bands Rock Chicago
The summer music scene kicked into high gear this weekend during one of the nation’s largest Latin alternative music festivals, Ruido Fest.
2014′s Best and Worst Cities for Hispanic Entrepreneurs
Equally as impressive, Hispanics opened businesses — many owned by self-employed individuals — at a rate more than twice the national average of 18 percent between 2002 and 2007, according to the most recent U.S. Census Bureau figures.
Challenges Hispanic Americans face in preparing for Retirement.
A new report released demonstrates that Hispanic Americans face greater challenges in obtaining a secure retirement than the average population. The paper, prepared by the Hispanic Institute think-tank and the Americans for Secure Retirement (ASR) coalition, finds that the unique challenges include a general lack of retirement preparation, less access to employer-sponsored retirement plans, lower levels of personal savings and inadequate financial literacy.
Entravision approves $100M share repurchase program.
Entravision Communications Corporation announced that the Company’s Board of Directors has approved the repurchase of $100 million of the Company’s common stock, in addition to the repurchase of $100 million of common stock that was previously authorized on November 1, 2006.
Mortgage lending crisis & its impact in Hispanic Community.
The National Association of Hispanic Real Estate Professionals (NAHREP) and the National Council of La Raza (NCLR) released “Saving Homes, Saving Communities: Latino Brokers Speak Out on Hispanic Homeownership,” a joint report offering analysis on the impact of predatory lending practices on Hispanic homeownership and an insider’s view on ways to reduce and discourage such practices. The report’s findings and recommendations were derived from roundtable discussions with 56 NAHREP members, who are practicing mortgage professionals in six U.S. cities with high concentrations of Hispanic homeowners.
No social security number? No problem!
People working in the U.S. have to file tax returns, and most use a Social Security number to identify themselves. But not all people have or qualify for Social Security numbers, so how do they file? They use an Individual Taxpayer Identification Number (ITIN) instead.
Last-minute bid to buy Univision?
According to Inside Radio magazine, Univision’s planned sale to a Haim Saban-led group for $36.25 a share is headed to a September 27 vote of the board – and the New York Times reports that a frustrated Grupo Televisa is meeting with allies about an offer that could top $38 a share. Mexican-based Televisa has the burden of crafting a deal that would meet U.S. rules about foreign ownership.
