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A powerful consumer market with annual spending power exceeding $350 billion Landon Collins Shirt , Hispanics-or should that be Latinos?-have become the largest minority group in the United States, and a marketplace well-worth looking into and with plenty to see--once you get the labels straight.
Is it "Hispanics" or "Latinos"?
Hispanics and Latinos have hotly debated that question for years, and apparently, picking one answer over the other means drawing political Sean Taylor Jersey , social, and generational lines in the sand.
I'll explain later, but for now let's get some numbers on the table.
Hispanic Database ? The Numbers Tell the Story
It made headlines! Hispanics are now the largest minority group in the U.S., outnumbering blacks by nearly 1 million (37 million v. 36.2 million).
That may have been news Preston Smith Jersey , but demographers and advocacy groups saw it coming; those population estimates merely confirmed it. With extensive immigration from economic basket case, Latin America--and a robust birthrate among predominantly Catholic Hispanics--this gap is expected to grow. By 2020, the Hispanic population could easily double to 70 million, or 21% of the U.S. population; by 2050 expect people of Hispanic origin to number more than 100 million. Hispanics are 11.4% of today's work force Brandon Scherff Jersey , a figure that could easily double in a ten years.
? Over 7.6 million Hispanic households in the U.S. average 3.6 people per household.
? U.S. Hispanic households have 2 or more people employed full time; 58% of Hispanics over 18 are employed full time.
? About 1 million Hispanic households in the United States have incomes of $50,000 or more.
? The average Hispanic household spends $31,013 annually. ? Hispanics are a young population. The median age of U.S. Hispanics is 26.5 compared to a median age of 32.2 for non-Hispanics.
? 12.8 million Hispanics were foreign-born; of this number, 1 in 4 were naturalized citizens.
? Among foreign-born Hispanics Montae Nicholson Jersey , 43% entered the U.S. in the 1990s, while 27% entered before 1980.
? Although 74% of those who entered the country before 1970 had obtained citizenship by 2000, only 7% of those who entered between 1990 and 2000 had become citizens. (Becoming a naturalized citizen requires five years of residence in the U.S.)
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