“When a community that fuels the state’s growth holds only a tenth of White household wealth, that’s not just a gap – it’s a statewide risk. We need bold, targeted policies to expand homeownership, unlock fair capital for entrepreneurs, and ensure quality jobs with retirement benefits.”
Orson Aguilar, President & CEO of LatinoProsperity.

Key Findings

Wealth: Median Latino household wealth in California is $52,700 versus $474,800 for White households – a ratio of about 1:9 (11% parity), more than twice as wide as the national Latino-White gap.

Income: Median Latino household income is $99,600 versus $136,000 for White households (27% gap), with disparities widening at higher income levels.

Homeownership: Just 46% of Latino households own their homes compared to 66% of White households. Latino wealth is heavily concentrated in home equity, leaving families vulnerable to shocks, higher costs, and climate risks.

Entrepreneurship: Latino-owned employer firms grew 38% from 2018-2023, yet face higher loan denial rates and smaller, costlier financing. Closing the Latino business revenue gap could add $268 billion to California’s economy annually.

Retirement & Financial Markets: Only 38% of Latino households participate in retirement plans, compared with 60% of White households, limiting long-term asset growth and resilience.