Empowering Latinos to Find Financial Success

In 2014, Latinos passed Caucasians as the largest ethnic group in California, yet the Hispanic community is still widely under-represented in the workforce—particularly in financial services.

With this growth comes the responsibility of companies to create a talent pipeline with the cultural background and multi-lingual skills necessary to meet the needs of Latino clients.

Partnerships with organizations such as NCLR (National Council of La Raza) help us address the specific needs of Latinos, and promote success in the financial services industry. Through collaboration with NCLR and the Latino community, companies can support the mission of enhancing and promoting diversity and inclusion. Hispanic Heritage Month may only be celebrated for 30 days, but our commitment to helping Latinos succeed financially will continue year-round.

By David DiCristofaro, Lead Region President, Wells Fargo Bank, Greater Los Angeles

In order to ensure our country’s future and global competitiveness, we must invest in the full educational spectrum for Latinos and, in particular, early learning.

By 2050, Latinos will represent 60 percent of the nation’s population growth. They are the largest, youngest and arguably the fastest growing demographic and yet comprise some of the lowest postsecondary educational attainment rates.

There is hope

This fall, in 18 states, tens of thousands of additional children from low- and moderate-income families will start school for the first time in high-quality early learning programs through Preschool Development Grants.

In some cities, such as Chicago, early learning is not only taken seriously but delivered in a way that is meeting the unique needs of Latinos. In a city where over a quarter of its residents are Latino, ensuring for quality early learning has been a key driver for its economic vitality.

Lesson plan

The way we deliver education must connect our young learners with their families and cultural backgrounds, making culturally informed development essential across all domains.

We cannot lose sight of how culture impacts social emotional development, identity formation and academic achievement and preparedness. This is true not just for early learning, but through grades 12 and beyond.

“We need to take children more seriously, because they are the current integration agents for their families,” states Celia Ayala,  the CEO of Los Angeles Universal Preschool.

Walking the walk

At the culmination of the Symposium, United Way of Metropolitan Chicago announced a Commitment to Action totaling $3.3 million towards providing a quality early childhood education to the children of Chicago, including Latinos. This is only one example of leaders recognizing the signicance of investing in Latinos and in our future workforce.

"Latinos are the largest, youngest and fastest growing demographic and yet comprise some of the lowest postsecondary educational attainment rates."

The Obama Administration has made early childhood education a priority. We understand the importance of investing critical resources where we know the return on our dollar is the highest: in our youngest children. Latino children can be the bridge by which we impact the Hispanic community in the present and for decades to come.

An educated, multilingual Hispanic workforce will allow our country to remain economically competitive. Investing in our Hispanic children today will guarantee we are able to meet our promise of fullfilling America’s future.