- Author: United States Census Bureau
The U.S. Census Bureau announced today that real median household income increased by 3.2 percent between 2015 and 2016, while the official poverty rate decreased 0.8 percentage points. At the same time, the percentage of people without health insurance coverage decreased.
Median household income in the United States in 2016 was $59,039, an increase in real terms of 3.2 percent from the 2015 median income of $57,230. This is the second consecutive annual increase in median household income.
The nation's official poverty rate in 2016 was 12.7 percent, with 40.6 million people in poverty, 2.5 million fewer than in 2015. The 0.8 percentage point decrease from 2015 to 2016 represents the second consecutive annual decline in...
- 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: Nielsen.com
The multi-faceted Hispanic consumer is widely recognized as a cornerstone of any growth initiative for virtually all U.S. industries, and for good reason.
From the Ballot Box to the Grocery Store, Nielsen's fifth report on the Latino consumer in the annual Diverse Intelligence Series, shows that Hispanic power and influence is surging: 50% of U.S. population growth from 2010 to 2015 has come from Hispanics, and the U.S. Census expects the U.S. Latino population to more than double within the next two generations.
Almost 57 million strong, Hispanics represent almost 18% of the U.S....
A report published by The Urban Institute examines 40 indicators of well-being of immigrant and nonimmigrant youth. The purpose is to assess inequalities between immigrant and nonimmigrant youth, and to trace the progress of immigrant youth across generations. The report presents outcomes for all immigrant and nonimmigrant youth and then breaks out findings for Latinos and for Asians, Hawaiians, and Pacific Islanders. To present a broad picture of achievement, this report covers a wide range of outcomes pertaining to demography, geography, education, work, disconnectedness, income, health, use of technology, and...
- Author: The New York Times
Hispanics generally fare better than blacks in rankings of inequality in American life, according to a new report by the National Urban League.
The annual report, called the State of Black America, also included a ranking of income inequality and unemployment for 77 American cities that had large black populations and 83 cities that had large Hispanic populations, based on data from the American Community Survey, an annual survey by the Census Bureau.
Nationwide, black Americans are twice as likely to be unemployed as whites (13.1 percent of blacks versus 6.5 percent of whites, according to...