US Latino economic output surpasses $3 trillion mark for first time, new report shows

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US Latino economic output surpasses $3 trillion mark for first time, new report shows
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Latinos are helping to drive the U.S. economy in a big way. Researchers say if Latinos in the U.S. were an independent country, their GDP would be the world's fifth largest, according to a new report.

Latinos are a giant powerhouse in America, and data shows just how much money they contributed to the U.S. economy.new report by California Lutheran University and UCLA shows Latinos in the U.S. propelled the overall economy forward"I think there would be no California if it wasn't for the Latino community," said California Assembly Speaker Emeritus Anthony Rendon.

"That says quite a bit about the buying power and the economic power of the Latino community," said Rendon."If we were a separate country ...the world's 5th largest economy in the world with the second fastest growth rate of all the top 10 economies," explained Dr. David Hayes-Bautista, director of UCLA's Center for the Study of Latino Health and Culture. "The 62 million Latinos in the U.S.

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