NAHREP and the Hispanic Wealth Project (HWP) hosted the inaugural HWP Symposium in New York on June 1, which brought together industry leaders, finance executives, and business entrepreneurs to discuss wealth building. The HWP released its Annual Report at the symposium, which tracks the progress of the HWP’s plan to triple Hispanic household wealth by 2024.
Speakers in attendance were former Wall Street executive Julissa Arce, Patricia Arvielo from New American Funding, Remy Arteaga from Stanford’s LBAN, Arturo Gonzalez from the Federal Reserve, Brent Wilkes from LULAC, Bryan Hughes from Northwestern Mutual, Barry Zigas from the Consumer Federation of America, Brad Blackwell from Wells Fargo, and Enrique Shadah from the Massachusetts Institute of Technology.
Attendees strategized in working groups and provided specific action-items to reach the following goals by 2024:
- Increasing the rate of Hispanic homeownership to 50-percent (or greater)
- Increasing the success rate of Hispanic-owned businesses
- Increasing by 25-percent the number of Hispanic households owning non-cash financial assets
In the coming weeks, the Hispanic Wealth Project will announce the results of these working groups. Stay updated on the latest developments on HispanicWealthProject.org or on our Facebook page. Click here to see photos from the first annual HWP Symposium.