Showing posts with label 2010 Census. Show all posts
Showing posts with label 2010 Census. Show all posts

LATINOS IN THE USA



Just one decade after the turn of the century, the US population is expected to reach 308.4 million in 2010.

It took 139 years for the US to reach its first 100 million after declaring independence from Britain in 1776. The second 100 million came 52 years later, and the third took only 39 years. Demographers project the US population could reach 400 million by 2043.


What will it look like?

The fastest growing demographic group, Latinos, will dominate our growth into the twenty first century, expected to hit the 50 million mark in 2010. Growth will be characterized by both organic growth from within the U.S. and immigration growth.

While there are some warnings that recent Latino immigrants face high social hurdles, 'As almost nothing else can, immigration-led growth signals the attractiveness of the American economy and policy,' said Kenneth Prewitt, former Census Bureau chief and now professor of public affairs at Columbia University.

Given the complexity of both country or origin and distinct generation profiles, marketers must be sensitive to the nuances that make up each group.


HABLA ESPANOL?



The Pew Hispanic Center released a research paper (12/22/09) on the narrowing online access gap between the Latino and white/black populations.

Latinos in America that connected to the Internet jumped ten percent between 2006 and 2008, from 54% to 64%. The increase represents a rapid rate of acceleration when compared to a 4% increase for whites and a 3% increase for blacks.


The importance of this increase in a two year period and the spending impact of the Latino market through the Internet merits serious attention by marketers. It will be one of the bright lights on the economic landscape in 2010 and beyond.


Pair the increase in Internet use with what promises to be a jaw dropping 2010 census report on the number of Latinos in the USA and a strong pattern of phenomenal growth emerges.


Challenge for marketers: Understanding and managing the many cultural nuances that can make or break a marketing effort.