This is pretty definitive. And these terms matter, especially in the context of this tragedy.
https://www.thoughtco.com/hispanic-vs-latino-4149966
Hispanic refers to people who speak Spanish, but Brazil (Latin America's largest country with a majority Black population) speaks mostly Portuguese. Instead, the term centers white people from Spain who have more in common with other Europeans than Latinx people.
Since Hispanic refers to what language people speak or that their ancestors spoke, it refers to an element of culture. This means that, as an identity category, it is closest to the definition of ethnicity, which groups people based on a shared common culture. However, people of many different ethnicities can identify as Hispanic, so it's actually more broad than ethnicity. Consider that people who originate from Mexico, the Dominican Republic, and Puerto Rico will have come from very different cultural backgrounds, excepting their language and possibly their religion. Because of this, many people considered Hispanic today equate their ethnicity with their or their ancestors' country of origin, or with an ethnic group within this country.
The word, hispanic, is a misguided attempt by the US government to categorize people of Black, Indigenous, and European descent. "According to the Pew Research Center, census records from 1930 show that in that year, the government counted Latinx people under the catchall category “Mexican.” The same reductive reasoning was used to create the blanket term, Hispanic, during the Nixon administration. It's a term created by white people, as such many Latinx folks do not identify as Hispanic.
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