Latinos in the U.S. are on track to accumulate $113 trillion in wealth by 2050, according to a report from Finhabits. In the past decade, Latino wealth in the U.S. has seen a growth rate exceeding 12%, amounting to approximately $4.24 trillion, according to the report. 'The collective growth of the Latino market is huge,' Finhabits Founder & CEO Carlos Garcia tells Yahoo Finance, but 'you have to adjust, as a financial institution, you have to adjust the way you engage with that population.' Garcia believes, in the future, Latinos will account for a significant portion of the high-net-worth individuals in the country thanks to their contributions, ranging from family-owned businesses to homeownership. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Discover a world of exciting games, from heart-pumping action to brain-teasing puzzles. Get the latest versions of the top games in 2023. -- Banks are paying up to protect their cash holdings from sinking further and to safeguard against future runs on deposits, according to Bank of America Corp.
King Charles III went from a meeting with young athletes in a working-class, multicultural suburb of Paris to an emotional stop in front of the fire-damaged Notre Dame Cathedral on Thursday, the second day of his state visit to France. Earlier, Charles made an address to lawmakers at the Senate, praising France and the United Kingdom's “indispensable relationship” and its capacity to meet the world's challenges, including Russia's war in Ukraine and climate change.
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