Posts Tagged ‘demographics’
(Business Insider) The days of hand-wringing about urban decay have given way to a recognition of cities as key engines of the national and world economies, and with that recognition has come a greater understanding of the role that people play in their dynamism.
For our discussion of the best places to live twenty years from now, we choose to focus on America’s metropolitan areas—large cities and the nearby towns, suburbs, and exurbs with strong economic, social, and cultural ties to them.
Today, enterprises of all types are less likely to move their employees with them when they relocate, but rather look for a place that already has a well-educated, competitive workforce.
(Small Business Trends) Is your small business marketing to Asian-Americans? If not, you could be missing out on one of the most potentially profitable consumer categories. Data from the Census and the most recent Ipsos Affluent Survey, reported in MediaPost, show that Asian-Americans are more likely to be affluent than are many other minority consumers.
Ipsos defines affluents as households with annual incomes of at least $100,000, and notes that Hispanics make up 14 percent of the general population but only 9 percent of the affluent population; African-Americans make up 12 percent of the general population and only 7 percent of the affluent population. Asian-Americans, however, while they account for just 5 percent of the U.S. population, make up 7 percent of the affluent population, as well as 7 percent of the “ultra-affluent” (household incomes of $250,000 or more).Small Business: Tap Into the Affluent Asian American Market
We’ve been featuring Pew Research’s insights into America’s Hispanic population lately. But now they’re swinging their spotlight, just as ably, on the 18,205,898Asian Americans in the US.
(The Agitator) First point to note is that Asians have overtaken Hispanics in terms of new immigrants to the US …
For the most part, these immigrants are well-positioned to advance — for example, 61% of Asian immigrants ages 25-64 have a college degree. Their incomes are well above average — median annual household incomes of $66,000, compared to $49,800 for the general public.Pew: Asian Americans overtake Hispanics in new immigrants
(The Root) Recent census data reveal that, for the first time, racial and ethnic minorities make up more than half of all children born in the United States, with 50.4 percent of children under age 1 identified as Hispanic, black, Asian American or members of another ethnic minority group.
In terms of the overall population, African Americans are the second-largest minority group in the nation (after Hispanics), with a 1.6 percent increase between 2010 and 2011. Minorities now make up nearly 37 percent of the overall U.S. population, and it's predicted that by 2042, a minority of Americans will be non-Hispanic whites.High Cost of Ignoring Minority Students
(Long Island Business News) The explosive growth of our nation’s Hispanic population should be making consumer-products companies rich, but instead, it is leaving them, well, confused.
The U.S. Latino community, already a $1 trillion annual consumer market comprising 52 million people, is on course to grow by another 50 percent in buying power by 2015. While the total U.S. population of 312 million will grow by 42 percent from 2010 to 2050, the Hispanic population over the same span will grow by 167 percent.
“If it were a standalone country, the U.S. Hispanic market’s buying power would make it one of the top 20 economies in the world,” according to a new study by Nielsen. “What’s more, the per capita income of U.S. Hispanics is higher than any one of the highly coveted BRIC countries” of Brazil, Russia, India and China.Latinos confuse advertisers
(USA Today) More than half of all babies born last year were members of minority groups, the first time in U.S. history. It's a sign of how swiftly the USA is becoming a nation of younger minorities and older whites.
Hispanics, blacks, Asians and other minorities in 2011 accounted for 50.4% of births, 49.7% of all children under 5 and slightly more than half of the 4 million kids under 1, the Census Bureau reports today.
The nation's growing diversity has huge implications for education, economics and politics. "Children are in the vanguard of this transition," says Kenneth Johnson, a demographer at the University of New Hampshire's Carsey Institute.Census data shows minorities now a majority of U.S. births
(Epoch Times) Asian-Americans are the fastest-growing community in the United States and their businesses are more likely to create jobs than any other, but they are largely ignored by government and political parties, according to recent research.
The Asian-American population grew 46 percent, to over 17 million, between 2000 and 2010—faster than any other group, including Latinos, the 2010 U.S. Census reported.
Asian-American entrepreneurs are also great drivers of the economy, owning more than 1.5 million businesses, employing around 3 million people, and turning over an annual payroll of nearly $80 billion.
This success, however, tends to overshadow real needs that exist in Asian-American communities.Growing Asian-American Communities Underrepresented
Ethnic Labels Not Embraced by Latino Community, Study Finds Source: Ethnic Labels Not Embraced by Latino Community, Study FindsFriday, April 6th, 2012
(NBC – San Diego) A majority of Americans with origins in Spanish-speaking countries do not embrace terms such as "Latino" or "Hispanic" in describing themselves, a new Pew survey found.
More than half of the Pew Hispanic Center's respondents say they prefer to just say which country their family is from.
About 40 years ago, the U.S. government mandated the use of the terms "Hispanic" or "Latino" to categorize Americans with roots in Spanish-speaking countries for census data.Ethnic Labels Not Embraced by Latino Community, Study Finds Source: Ethnic Labels Not Embraced by Latino Community, Study Finds
(Times of India) They are caricatured through convenience store owner Apu in the cartoon series The Simpsons, celebrated for their victories in Spelling Bee contests and success in Silicon Valley entrepreneurship, and courted for their wealth given their status as the ethnic group with the highest per capita income in U.S. Sometimes they are also chastised for not being part of the American mainstream.
But Indian-Americans are getting there. A demographic snapshot of South Asians in the United States crunched out from the 2010 U.S Census by an NGO group shows the Indian-American population in the U.S (including multiple ethnicities) grew 68 per cent over the 2000-2010 decade from 1.9 million to 3.19 million. Counting single ethnicity (discounting mixed race), the population grew from 1.67 million to 2.84 million in the same period.Indians cross 3 million mark in US, 1 million have voting rights