Blog Post: Hispanic Americans - Social and Economic Revolution

Welcome to the first Hispanic American Central blog.  As the Hispanic diversity partner with Jobing.com, we are looking forward to introducing you to the Hispanic American experience from the inside perspective of Hispanic market specialists.  Be on the look out for future blogs by making us part of your must read blogging family.

HISPANIC AMERICANS

Younger than other groups and rapidly gaining economic political clout, U.S. Hispanics are the largest group, behind non-Hispanic whites, in the labor force.   It is a myth to think that Hispanic Americans are uneducated and Spanish-speakers only, when in fact, U.S. Hispanics are mainly young, U.S born, educated and primarily English speakers.  This segment of the U.S. population is poised to bring about the next American social, cultural and economic revolution.  Exerting an ever-increasing influence on American media, music, fashion and cuisine, Hispanics are retaining much of their cultural heritage as they adopt American political and philosophical views and behaviors.   The key to Hispanic American influence exists in the coming of age of the second and third generations that have swelled the ranks of U.S. Hispanics and will continue to do so in the coming decades.  This "new" generation of Hispanics are often just as comfortable in English as in Spanish.  Research shows that the population growth has been driven by a high birth rate rather than immigration resulting in 75% of U.S. Hispanics as being English-dominant and bilingual speakers.  When it comes to business, Hispanics lead all other minority groups in the number of businesses owned and are expected to grow to over 3.2 million, with total revenues surging to more than $465 billion.  The service and financial sectors show the largest growth with more than 90 percent of all Hispanic-owned firms, and their sales volume, concentrated in 20 states with a multitude of other states becoming emerging markets for this growing community.  In economic power, the University of Georgia's Selig Center for Economic Growth points to the Hispanic economic clout growing at an annual compound rate of 8.2 percent, nearly twice the 4.9 percent rate for non-Hispanics.  This purchasing power has surged to nearly $700 billion and is projected to reach as much as $1 trillion by 2010, according to estimates by multiple Hispanic market sources. 

For more information on the Hispanic market, please visit our flagship publication: www.HispanicTimesUSA.com and our business association: www.USHBA.org. 

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