{"id":5699,"date":"2026-02-16T07:15:00","date_gmt":"2026-02-16T12:15:00","guid":{"rendered":"https:\/\/louisbarajas.com\/?p=5699"},"modified":"2026-02-15T20:54:39","modified_gmt":"2026-02-16T01:54:39","slug":"las-cinco-medidas-fundamentales-para-generar-riqueza-en-las-comunidades-latinas-en-crisis","status":"publish","type":"post","link":"https:\/\/louisbarajas.com\/es\/the-5-critical-measures-for-building-wealth-for-latino-communities-in-crisis\/","title":{"rendered":"Las cinco medidas fundamentales para generar riqueza en las comunidades latinas en crisis\u00a0"},"content":{"rendered":"\t\t
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The 5 Critical Measures for Building Wealth for Latino Communities in Crisis <\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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The Latino Economic Revolution Starts With Our Habits<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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It\u2019s hard to unsee the image of 5-year-old Liam Cornejo Ramos, in a blue bunny hat and Spider Man backpack, surrounded by Immigration and Customs Enforcement agents before he was detained.\u00a0<\/span>\u00a0<\/span><\/p>

We\u2019re being bombarded with daily images of ICE\u2019s terrorization of Latinos and allies\u2014regardless of immigration status\u2014in major cities across the country. <\/span>Pew Research Center found<\/span><\/a> in its most recent National Survey of Latinos, that 68 percent of respondents say that our community\u2019s situation has worsened in the past year.\u00a0<\/span>\u00a0<\/span><\/p>

Yet at the same time, we\u2019re seeing the economic power and appeal of Latinos exemplified. Benito Antonio Martinez Ocasio, aka Bad Bunny, drew a whopping 128 million viewers. Spending on Super Bowl watch parties reached a record-breaking $20.2 billion dollars this year, with a big chunk of that being Latino families that were tuning in to see what many dubbed as \u201cBenito Bowl.”\u00a0\u00a0<\/span>\u00a0<\/span><\/p>

I\u2019ve written before about how tired I am hearing about how much spending power we have ($4.1 trillion dollars, <\/span>according to UCLA<\/span><\/a>). We are a community in crisis right now. We are being targeted by our own government and now more than ever, it\u2019s imperative that we build our wealth. So I put together a list of five measure we need to take to build a foundation to build our lasting wealth. Here t<\/span>hey are:\u00a0<\/span>\u00a0<\/span><\/p>

Measure No. 1: Raise Credit Scores from the 500s or 600s into the 700s<\/span><\/b>\u00a0<\/span><\/h3>

A good credit score is critical for access to credit and favorable interest rates, which can ultimately save us money. Our credit is also frequently pulled when we\u2019re applying for housing or work.\u00a0<\/span>\u00a0<\/span><\/p>

According to Investopedia<\/span><\/a>, our community has an average credit score of 667, which is in the \u201cfair\u201d range. We should aim to move our credit scores into the 700s, which can open doors for us. Doors to lower interest rates, better housing options, lower-cost insurance, and fewer financial \u201cnos.\u201d <\/span>\u00a0<\/span><\/p>

Credit is simply a system that we need to navigate\u2014a system that rewards consistency over perfection. Please remember that your credit score is not a reflection of your character.\u00a0<\/span>\u00a0<\/span><\/p>

Here are the key things you should focus on to increase your credit score:\u00a0<\/span><\/b>\u00a0<\/span><\/p>