Latino households are growing their wealth. Here’s how.

Against the backdrop of persistent racial and ethnic wealth disparities, Latino families have seen some positive signs in the past few years, a new report suggests.

Hispanic households’ wealth — defined by total assets minus total debts — was up by more than 60% from their 2019 level as of the second quarter of 2023, according to an analysis by the Federal Reserve Bank of New York. This growth in wealth was compared with around 40% growth for both Black and non-Hispanic white households between 2019 and the second quarter…