Commonwealth Club Of California Podcast

In a new report, McKinsey & Company finds that Latinos increasingly embody the American Dream----from starting more businesses, seeing higher rates of intergenerational mobility, and achieving a larger share of skilled and higher-paid occupations in the past 10 years when compared to previous decades. Yet America’s contribution to that dream is uneven, according to the new McKinsey report, "The Economic State of Latinos in America: The American Dream Deferred." The new McKinsey report finds that Latinos born in the United States enjoy higher wages and intergenerational mobility than foreign-born Latinos—suggesting Latinos may overcome the hurdles to full participation in their adopted country over time. Yet both US- and foreign-born Latinos remain far from equal with non-Latino white Americans. Latino Americans make just 73 cents for every dollar earned by white Americans. They face discrimination when it comes to securing financing to start and scale businesses. Latinos struggle with access to food, housing