Posts Tagged ‘consumer spending’

Asian and Hispanic Households Will Outspend Whites Over The Remainder of Their Lives

Saturday, April 13th, 2013

(Marketing Charts) A comprehensive study of multiculturalism in America by Geoscape determines that Asian and Hispanic households will outspend non-Hispanic White households in their lifetimes. The study (executive summary download page here) pegs consumer spending for the remaining lifetime of an average Asian household at roughly $2.4 million, compared to slightly less than $2 million for Hispanics, about $1.6 million for Whites, and $1.3 million for Blacks.

The estimates are largely a result of remaining lifespan being greater for Hispanics (45.7 years) and Asians (41.2 years) than for Blacks (34.2) and Whites (31.1). That’s because while life expectancies range between 80 and 83 years for Hispanics, Asians, and Whites (76.3 for blacks), the median adult age of a Hispanic American (37) is far younger than that of an Asian American (41.1), Black American (42.1) and White American (49.1).

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Hispanic Confidence Growing in Family Finances

Tuesday, November 6th, 2012

(Hispanic Business) Hispanics are more satisfied now with their personal finances and with the direction the country is going than they were in 2011, according to a new survey from the Pew Hispanic Center.

Hispanics are more satisfied now with their personal finances and with the direction the country is going than they were in 2011, according to a new survey from thePew Hispanic Center.

More than half (51 percent) of Hispanics surveyed say they are satisfied with the nation's direction, a rise of 13 percent over 2011. That figure was 38 percent in 2001. 

Just 31 percdent of the general public says they are satisfied with how things are going in the country today.

One-third of Hispanics surveyed report that their finances are "excellent" or at least "good." The figure for 2011 was just under one-quarter, at 24 percent. Nearly three-quarters (73 percent) say they expect their family finances to improve during the next 12 months. In 2011, just over two-thirds (67 percent) expressed a similar level of optimism.

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