“Less Wealth Means Less Debt for Latinos, According to New Census Data” Fox News Latino

“Because of the lower incomes, when you look at the average numbers home ownership is the issue,” Mayra Rodriguez Valladares, a financial consultant with MRV Associates, told Fox News Latino.

“And when you add in things like bonds and stock ownership, the number for asset ownership is incredibly low.” As Rodriguez Valladares points out, among Latinos “there’s not a lot of trust in the banking system and investments.”

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