The American Consumer: One Economy, Many Stories

The American Consumer: One Economy, Many Stories

HL BUSINESS 

The American Consumer: One Economy, Many Stories

Beyond the trillion-dollar headlines, HL explores the people, purchasing decisions and financial realities shaping America’s economic future.

Article by
Richard Sandoval

s Hispanic Heritage Month comes to a close, new economic research offers another reminder of the growing influence of the U.S. Hispanic consumer. The numbers are impressive. But after nearly three decades of documenting the stories of Hispanic Americans, I’ve come to believe there is a more important conversation we should be having.

Who are the people behind these numbers?

Beyond the Trillion-Dollar Headlines

In October 2026, the Latino Donor Collaborative released new research, produced in partnership with Arizona State University’s W. P. Carey School of Business, estimating the U.S. Latino economy at $5.1 trillion in economic output for 2026, with household consumption estimated at $3.2 trillion.

These are two different economic measurements, but both reinforce the significant contributions Hispanic Americans make to the nation’s economy. For businesses, understanding these economic trends is essential.

We regularly examine industries such as agriculture, technology, healthcare and aerospace to identify growth opportunities. We study consumer behavior, income, age, geography and professional backgrounds to better understand who purchases our products and services.

Why should understanding demographic communities be any different?

Market segmentation is not about separating people. It’s about understanding the economic behaviors, circumstances and opportunities within a larger marketplace.

One Market, Different Economic Realities

Over the past year, through our HL | Milestone Series and participation in national business conferences, I’ve observed a recurring theme. Research continues to document the expanding economic influence of Hispanic Americans.

Yet behind these economic projections are people living dramatically different financial experiences.

Consider a family carefully managing its grocery budget, struggling with rising housing expenses or relying on credit to cover everyday necessities.

Now consider a successful entrepreneur purchasing luxury goods, an executive investing in real estate or a family preparing to transfer accumulated wealth to the next generation. Both contribute to the American economy. Both may be Hispanic. But their financial circumstances, purchasing motivations and priorities are entirely different.

According to the Federal Reserve’s 2026 report on household financial well-being, 58% of American adults said price increases had negatively affected their finances during 2025.

Economic influence does not necessarily mean financial security.

Sources: Latino Donor Collaborative, 2026 U.S. Latino Economic Impact Report — Part Two, produced with Arizona State University’s W. P. Carey School of Business (October 2026); Federal Reserve Board, Economic Well-Being of U.S. Households in 2025 (May 2026).

Research links:

%

U.S. adults who said higher prices negatively affected their finances in 2025

Understanding the People Behind the Market

The U.S. Hispanic consumer is not defined by one individual profile.

Hispanic Americans represent different national origins, generations, professions, income levels, cultural identities and personal experiences. They include business owners, healthcare professionals, educators, executives, skilled workers, students and retirees.

They include Afro-Latinos, multiracial families, immigrants and Americans whose families have lived in this country for generations.

Some are building wealth for the first time. Others are managing wealth accumulated over several generations.

Their purchasing decisions may be influenced by price, quality, convenience, family recommendations, professional relationships, cultural experiences or personal aspirations.

Understanding these differences matters because the American Hispanic consumer is, first and foremost, an American consumer.

The Opportunity for American Business

For brands seeking growth, demographic research provides valuable market intelligence. But understanding purchasing power alone is not enough.

What motivates someone to select one brand over another? How do personal relationships influence purchasing decisions? Why are some consumers investing in luxury experiences while others struggle to afford everyday necessities?

These are questions worth exploring.

At HL, we’ve spent nearly 30 years introducing audiences to the entrepreneurs, professionals, executives, families and community leaders whose stories help explain the changing American economy.

Their experiences provide something economic statistics cannot fully capture: the human perspective.

As we introduce The American Consumer, a new HL editorial series, we’ll examine the relationships between money, business, education, wealth, consumer behavior and opportunity.

Because the American consumer is not defined by a single demographic category.

It is a diverse population whose ambitions, experiences and financial decisions shape one interconnected economy.

Understanding the differences helps businesses identify opportunities. Understanding the people behind those differences helps us see the bigger picture.

More from The American Consumer to follow . . . 

EDITOR NOTES

The American Consumer: One Economy, Many Stories introduces a new HL | Money, Finances & Wealth editorial series examining the people, purchasing decisions and financial realities shaping America’s economy.

Drawing on nearly three decades of original reporting, interviews and firsthand experiences, HL will explore the diverse economic circumstances of American consumers from the challenges of everyday household spending to entrepreneurship, education, luxury markets, homeownership and generational wealth.

Our goal is to move beyond economic headlines and demographic statistics to better understand the people behind the numbers, the decisions influencing their financial lives and the opportunities emerging across the American marketplace.

The American consumer is the market. Understanding the people who shape it is our story.

Nuria Rivera | Why This Moment Matters

Nuria Rivera | Why This Moment Matters

HL INSIGHTS  

Nuria Rivera | Why This Moment Matters

Entrepreneur and national NAHREP leader Nuria Rivera shares her perspective on Latino leadership, resilience and why she believes this is a pivotal moment in America.

Article by
Richard Sandoval

“I really, truly believe that this is a very important moment in history for Latinos in America.”

hat observation from Nuria Rivera stayed with us following our recent conversation during NAHREP at AVANCE Global in Las Vegas.

Rivera is the Founder and CEO of Utah-based Novation Title. She served as the 2023 National President of the National Association of Hispanic Real Estate Professionals and continues to serve in national leadership with the organization.

HL has also had the opportunity to hear from Rivera before.

In June 2022, Rivera joined HL as a featured speaker during our HL Home Ownership Summit, which was streamed online. The conversation centered on homeownership and the real estate industry.

Four years later, the setting and conversation were different.

This time, Rivera was reflecting on leadership, entrepreneurship, resilience and the growing significance of Latino participation across business and economic life.

More importantly, she offered a perspective on why this moment matters.

A Moment Worth Paying Attention To

HL has been exploring what appears to be a broader shift taking place across the Latino community.

We have previously described aspects of it as a renaissance a period increasingly defined by entrepreneurship, ownership, economic influence, leadership and a growing presence in the rooms where decisions are being made.

Rivera sees something similar happening.

When we asked why she continues to devote her time to NAHREP, even after serving as its national president, her answer was direct.

“I want to help build our people,” Rivera told HL. “It’s important for me to keep having Latinos rise.”

She also points to the vision of Gary Acosta, Co-Founder and CEO of NAHREP, as one of the reasons she remains connected to the organization.

For Rivera, the work taking place within NAHREP is increasingly about more than real estate. It is also about leadership, entrepreneurship, economic opportunity and building connections among people who are helping shape what comes next.

“I think when we’re grandparents, a few decades ahead, we’re going to look back at these moments,” Rivera said, “and realize that this was a pivotal moment for the history of Latinos in this country.”

Why Being in the Room Matters

Rivera’s comments also help explain the energy surrounding AVANCE Global.

Real estate remains an important foundation of NAHREP, but Rivera sees the gathering evolving into something broader.

“If you’re a mover and a shaker within the Latino community and all across the United States, you’re here,” she said.

The conference brought together professionals, entrepreneurs and leaders from different industries and different parts of the country.

For Rivera, there is value simply in creating the opportunity for those people to meet.

“You get to meet people you would have never met otherwise,” she said. “It’s magical. It’s amazing.”

That observation speaks to something HL continues to see in our own work. Relationships matter. Being present matters.

Getting into rooms where ideas, business opportunities and future partnerships are being formed matters.

The significance of a gathering such as AVANCE may not simply be measured by attendance. It may be measured by the conversations and relationships that continue long after everyone goes home.

Resilience in a Difficult Market

Rivera’s perspective is also grounded in experience.

She founded Novation Title in 2015 after building a career in the title and escrow industry and has since navigated both strong and difficult real estate markets.

Today’s environment has challenged professionals throughout the industry.

“People are just struggling to get the deals, and it’s just not as easy,” Rivera said.

But she also understands that business moves in cycles.

“You have an up cycle, you have a down cycle, and it keeps going.”

Her attention is less focused on whether difficult periods happen and more on how people respond to them.

“I think something that’s within our people and in our blood is that people are very resilient,” she said. “We’re committed. We’re not afraid of going through something difficult.”

That resilience, Rivera believes, is another reason gatherings such as AVANCE become important during uncertain markets.

“They want to learn from their peers,” she said. “They want to see if there’s something that they haven’t thought of that they can do to completely shift and transform their current business.”

Building What Comes Next

Toward the end of our conversation, we asked Rivera one of our favorite questions:

What’s next?

Her answer brought the conversation back to people.

“I’m a big dreamer,” Rivera said. “I love building people.”

For Rivera, growing her own company and helping others achieve their ambitions are closely connected.

“My life mission is really helping other people grow and achieving their dreams while I’m also achieving mine,” she said.

That means continuing to build Novation Title, continuing her work with NAHREP and remaining open to opportunities that allow her to serve and develop others.

But she was equally clear about what comes first.

“Family first,” Rivera said. “Mi familia.”

Then she left room for whatever may come next.

“We’ll see what life brings me with all that passion and the gifts that God gave me.”

Perhaps that is why Rivera’s perspective feels particularly relevant right now. She is not simply talking about demographics or market statistics. She is talking about participation. About relationships. About resilience. About leadership and about recognizing that some moments only reveal their full significance after we have lived through them.

Nuria Rivera believes this may be one of those moments.

EDITOR NOTES 

HL first connected with Nuria Rivera in June 2022, when she joined us as a featured speaker during the HL Home Ownership Summit, which was streamed online.

This 2026 interview was recorded as part of HL’s independent coverage during NAHREP at AVANCE Global in Las Vegas.  Thank you Wells Fargo Home Mortgage  for providing assistance in arranging the interview. 

Rivera is Founder and CEO of Novation Title, served as 2023 NAHREP National President, and continues to serve in national leadership with the organization.

This conversation is part of HispanicLifestyle.com’s continuing coverage of the people, organizations and experiences that help define our communities.