30-04-2025
Report cites 'untapped potential' of growing Hispanic/Latino population
BOSTON, Mass. (SHNS)–Policymakers have spent the past few years wringing their hands about losing Massachusetts residents to other states, and a new report suggests Hispanics and Latinos could play a major role in helping to prevent population decline.
About eight in 10 new Massachusetts residents are Hispanic or Latino, quickly increasing their share of the Bay State population, according to a new report from the Massachusetts Taxpayers Foundation and We Are ALX.
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Those takeaways were a key topic of discussion Wednesday morning, when MASSterList and State House News Service joined with We Are ALX for a forum discussion fueled by the report.
Between 2014 and 2023, Hispanic and Latino people accounted for 84% of the state's population growth — a larger share than nationwide, authors said. In that same time period, Hispanics and Latinos accounted for six in 10 new jobs.
The 24-page report, titled '¡Vamos Massachusetts!', concluded that Hispanic and Latino workers have played an 'outsized role' in the state economy, contributing more than one-quarter of growth in gross state product over a 10-year period despite representing only 13.5% of the population.
'This report reveals a critical truth: Hispanic/Latino residents are essential drivers of economic growth in Massachusetts and shows how much untapped potential remains,' MTF policy researcher Pablo Suarez said in a statement alongside the report.
'Closing gaps in education, workforce training, and wealth is an economic necessity to sustain Massachusetts' competitiveness,' Suarez continued.
Report authors warned that significant gaps still exist, with Hispanic and Latino residents graduating college and owning homes at lower rates than other demographic groups. The report outlined an $11.1 billion wage gap between Hispanics and Latinos in Massachusetts and the overall state population.
Authors suggested several policy recommendations, like improving education outcomes for Hispanic and Latino students; supporting workforce training and homeownership programs; and creating easier access to capital for Hispanic and Latino people to establish and grow businesses.
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