Educational attainment among Latinos in the United States has increased in recent years, yet it hasn’t matched that of non-Latino White people. Among small-business leaders, 40 percent of those who are Latino hold a bachelor’s degree, compared with 55 percent of those who are non-Latino White, according to Senior Partner Alberto Chaia and colleagues. In industries with a higher concentration of Latino small-business owners, however, the educational attainment gap is less pronounced.
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A stacked bar chart depicts the educational attainment of Latino and non-Latino White small-business owners across various industries in the US in 2021. Each bar represents a different industry and is divided into segments reflecting the percentage of business owners with less than a high school diploma, a high school diploma, some post–high school education, a bachelor’s degree, and a postgraduate degree. For instance, ~15% of Latino small-business owners in the accommodation and food services industry had less than a high school diploma, while ~5% of non-Latino White small-business owners in the same industry had attained the same level of education.
Note: This image description was completed with the assistance of Writer, a gen AI tool.
Source: Annual Business Survey 2021, US Census Bureau.
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To read the report, see “The economic state of Latinos in America: Building up small businesses,” December 16, 2024.