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U.S. Hispanic Purchasing Power: 1978-2010
Hispanic Business Inc, March 2004, Pages: 9
U.S. Hispanic purchasing power has surged to nearly $700 billion and is projected to reach as much as $1 trillion by 2010, according to new estimates. The rate of growth is nearly three times the overall national rate of the past decade and will propel the aggregate disposable income of the nation's largest minority group to $699.78 billion in 2004, according to an analysis of data recently released by the U.S. Bureau of Economic Analysis.
The objectives of this Market Brief are to estimate U.S. Hispanic purchasing power for 2003, to explain recent growth in Hispanic purchasing power, and to project future growth of Hispanic purchasing power to the year 2010.
This data rich report details: - U.S. Hispanic Purchasing Power Estimates Based on Two Possible Scenarios - Regional Purchasing Power Estimates for Six Critical States - U.S. Hispanic Purchasing Power as a Percentage of Total U.S. Spending Power
Several of the key insights in the data-rich report follow: - U.S. Hispanic purchasing power posted a compound annual growth rate of 7.7%. - Higher paying managerial and professional jobs are the fastest-growing occupational categories for Hispanics. - California and Texas account for more than 34 percent of all Hispanic purchasing power and nearly half of the entire U.S. Hispanic population. This “U.S. Hispanic Purchasing Power: 1978-2010” also provides: -State-by-state projections of Hispanic average household income and purchasing power versus the national averages for California, Texas, New York, Florida, Colorado, and Illinois. Other states upon request. -25-year purchasing power trend analysis.
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