What the HEC By Barrio bee Earlier this year, I introduced you to the Higher Educational Cost (HEC) ratio in the February 2013 NewsLetra. What did I get myself into?  It seems the preparation work and information available regarding funding for higher education is unlimited.  Are you totally disheartened by the fact that without substantial monetary assistance for college, your family will have to endure major financial hardship?  Take solace in the fact that, during the 2012-2013 academic year, more than $238.5 billion in financial aid was distributed to undergraduate and graduate students in the form of grants, federal loans, […]


 W T B ? By Barrio Bee   1. Robin Hood? The top 1% has enjoyed income growth of over 11% since the official end of the recession.  The other 99 percent has seen a 0.4% decline.   2. Heads or tails?  One in two Americans currently falls into either the “low income” category or is living in poverty.  Earnings for the bottom 20 percent of families is just under $15,000.   3. Unhappy meal?  46.7 million Americans must now use food stamps in order to get a meal.  Almost half of all U.S. children will be on food stamps during some part of their childhood. […]


Barrio Baby Bucks! By Barrio Bee So you are having a baby!  Oh what great feelings and experiences await you…   Except for one!  The costs associated with the barrio that you choose to raise that baby.  The first year alone can cost $36,700 if you choose to live in the barrio of New York City according to a ranking of 40 cities by Redfin, a Seattle-based online real estate brokerage firm.  Crazy enough, the NYC barrio is not the most expensive place – it actually ranks third in the U.S. To compile its rankings, Redfin used housing data from multiple listing services, the expense of […]


                FINANCIAL BUZZ | FINANCIAL FIREWORKS By: BarrioBee We just celebrated our nation’s independence. Have you thought about celebrating your financial independence?  Fortunately, when it comes to your own financial independence, it’s up to you to achieve it. I can remember watching my mother struggle to make ends meet raising 6 children on public assistance. It made an impression – I started my first job as a maintenance worker in the NYC Summer Youth Corp. at the age of 14.  There have been many jobs for me and changes in our economy since […]


WHO GOT THE POWER By Barrio Bee In 2013, the approximate $1.4 trillion Hispanic buying power in the U.S. is larger than the entire economies of all but 13 countries in the world.  Let me repeat this in another way for emphasis…  Collectively, Hispanics in the U.S. represent the 14th greatest economic power in the world.  Did it sink in yet? No?  Alright then…  Let’s break it down further…  And start by defining buying power as take-home pay after taxes.  Given that there are approximately 53 million Hispanic men, women, and children in the U.S., the average buying power per individual Hispanic is roughly $26 thousand per year. Still […]

Stinging Returns | By Barrio Bee

  It’s as sure a sign of the arrival of spring as the bees buzzing and the toe-thong shoes. We’ve all seen them. Dressed in frocks and styrofoam hats, frolicking at the corner of high-traffic urban business districts. Mostly, they represent the storefront tax preparers (SFTP or softops) that are aimed at a specific demographic, a customer base that is predominately urban in nature and pedestrian in transportation. Let’s call the demographic the “barrio” market. The clients of these SFTPs most likely do not own businesses or have investment portfolios, and they are probably not subject to the alternative minimum […]