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America Quote by Luis Gutierrez

“According to the study, approximately 16.7 million U.S. workers born in Latin America had a combined gross income of $450 billion last year, of which 93 percent was spent locally.” quote by Luis Gutierrez
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“According to the study, approximately 16.7 million U.S. workers born in Latin America had a combined gross income of $450 billion last year, of which 93 percent was spent locally.”

Luis Gutierrez

About This Quote

Source Report: U.S. Labor Statistics, 2023

Latino workers generate massive economic impact, spending most earnings locally.

In simple terms: Latino workers spend most of their income locally.

Key Takeaway

Support local economies.

Themes

economics immigration community spending impact

Mood

analytical concerned

Type

statistical economic

When to use this quote

  • policy making
  • business investment
  • community planning

Key Concepts

remittances regional development labor market

Questions to Reflect On

  • How can policies amplify local reinvestment?
  • What barriers limit spending?
A Different Perspective

Data may not capture informal economies.

3.5 out of 5 (4 ratings)

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