- Author: Dennis Horton of the Rockford Regional Office of Better Business Bureau
I attended a day-long, annual Consumer Protection Conference in Madison. It's called “Common Ground” and is hosted, in part by, the Federal Trade Commission. Attending the meeting, along with representatives from Better Business Bureau offices in Illinois, Wisconsin, Iowa, and Michigan were representatives from Attorneys General offices across the Midwest. This year, there were also representatives from the NAACP, the Hmong American Peace Academy, and the League of United Latin American Citizens.
The entire morning was dedicated to addressing fraud and in particular how it impacts minority communities. In 2015 an FTC Study revealed an estimated 10.8 percent of U.S. adults – roughly 25.6 million people –...
- Author: Latinpost by Claudia Balthazar
Latino consumers have become the most important driver of growth in the United States, in several different aspects.
Recent studies prove that spending power by the Hispanic demographic is growing faster than that of non-Latino groups.
The number of Hispanic households is growing faster than ever, making a larger consumer group. This also means that there is a higher spending power among Latinos in America that businesses will model some of their strategies toward.
Between 2012 and 2015, Latino households represented about 40 percent of the growth in spending for household equipment. In the same time period, Hispanic households accounted for 25 percent of the growth in spending for new cars and...
- Author: latinpost.com by Staff writer
A national study was recently conducted and delved into the health patterns and attitudes of young Hispanic adults, or more specifically, millennials. The results showed that there are huge differences in the way Latinos born in the United States perceive health, compared to their counterparts born abroad.
Houston Chronicle wrote that the new study, dubbed “The Hispanic Millennial Study,” was unveiled in Houston, which cited several differences between Latinos born in the U.S. and those born abroad. For example, Latinos living in the U.S. had described health as a state of happiness, while the foreign-born Latinos defined the term as the absence of illness.
Hispanic millennials are the second largest Hispanic...
Spending growth by Hispanics outpaced that of other demographic groups in Houston between 2009 and 2014, a researcher on Wednesday told some 450 business professionals interested in learning how a growing Latino community is shaping the city's economic and political spheres.
"We want to make sure that Houstonians understand that Hispanics are spending billions of dollars in this city," added Laura Murillo, president and CEO of the Houston Hispanic Chamber of Commerce.
Consumer spending among Houston's Hispanics increased 44 percent to $52.75 billion in 2014 and is expected to top $175 billion by 2034, according to data presented by Mitzi Fleissner, research director for Telemundo Houston.
Figures like that...
- Author: FoxLatinoNews
It's a fact. At least according to a report by the consumer research group Packaged Food.
In its study, entitled “Hispanic Food Shoppers in the U.S.,” Packaged Food found that the majority of Latinos don't buy peanut butter, pretzels or pickles. Hispanic shoppers also shy away from ground beef and hamburgers, preferring to cook up steak instead.
When it comes to the dairy section, 52 percent of Latino shoppers said they buy whole milk instead of skim or other less fatty versions. That's compared to 32 percent of Americans overall.
While the report looks at the Latino population in general...