Final answer:
The statement that Latino Americans' average annual income is relatively close to the national average is not true; they lag behind the national average in terms of income.
Step-by-step explanation:
All of the following statements about Latino Americans are true EXCEPT that their average annual income is relatively close to the national average. While it is true that Latinos are the fastest growing minority in the United States and one of the nation's oldest ethnic groups, their average income still lags behind non-Hispanic White Americans. Latino Americans face a variety of challenges, and income disparity is notable among them. Additionally, the Latino population is experiencing fast growth due to high birth rates and immigration. Issues such as immigration reform and policies have been at the forefront of public debate, particularly during the Trump administration.