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Wealth Migration and Latino Disparities in Media and Investment | Wealth Wednesday
Manage episode 393442788 series 2965900
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Welcome to a new weekly series we are launching on the Latin Wealth platform, Wealth Wednesday! On Wealth Wednesday, we will be discussing trending news, Latino culture and topics surrounding business, host by @chrisbelloso and @ricoramirez86.
Wealth Migration and Latino Disparities in Media and Investment
In this eye-opening episode, we explore two critical topics impacting the Latino community – the rapid wealth migration to Miami by Latin America's big investors and the disparities in media and investment highlighted by the "Show the Receipts" campaign.
Latin America's Wealth Migration to Miami: A Historical Shift
Recent times have witnessed an unprecedented wealth migration as affluent Latin American investors swiftly move their assets to Miami. Join us as we delve into the driving forces behind this historic shift, fueled by regional instability and the allure of higher returns in Miami compared to their home countries.
"Show the Receipts" Campaign: Addressing Disparities in Latino Media and Investment
Shifting gears, we dive into the efforts of the nonprofit group Aquí: The Accountability Movement. They've launched billboards in California as part of their "Show the Receipts" campaign, drawing attention to disparities in Latino media and investment.
Key Points from the Campaign
Explore the disparities highlighted by the billboard, showcasing the economic output of Latino consumers ($3.4 trillion) compared to the investment in Latino startups ($1.3 billion). We dissect a study revealing that if U.S. Latinos were their own country, their economic output would rank fifth globally.
Disparities in Latino Representation in Film
Uncover the billboard's call-out regarding the lack of Latino representation in film, despite the community's significant box office spending. The contrast between ticket sales to Latinos and the representation of Latino leads and directors is stark.
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