Hispanic Spending Power
Hispanic spending power in the United States is leading the way, and predicted to only increase in the coming years. In 1990, according to a 2006 University of Georgia study, Hispanic spending power stood at $200 billion a year. In 2007 Hispanic spending power stood at $860 billion a year according to that same study. In 2011, Hispanic spending power is estimated at $1.2 trillion a year according to the U.S. Census. By 2010, Hispanic spending power is expected to represent 11% of the total spending power of the US population according to HispanTelligence. (Please note, these figures do not include the buying power of undocumented immigrants.)
Hispanic Remittances To Latin America
It is estimated, Hispanics send over $30 billion a year to their families in Latin America, according to Internet estimates.
Hispanic Incomes
According to the U.S. Census the average median US Hispanic household income is $35,967 a year.
Hispanic Wealth
Hispanic wealth is growing at all levels. According to the US Census Bureau, 16.5% of Hispanics made over $100,000 a year in 2000. In 1995, 11.5% of Hispanics made over $100,000 a year.
45% of affluent Hispanic households are concentrated in New York City, Los Angeles, Houston, Miami, and Chicago.
25% of Hispanics control 93% of the US Hispanic market wealth.
Chicago has the highest percentage of Hispanics in the middle-income bracket, $35,000-$99,000.
Information from HispanTelligence unless otherwise noted
Hispanic Investing
Hispanics not only have a strong purchasing power, they are also saving. 42% of Hispanics have a CD or savings account.
401(k) and thrift accounts are the fastest growing asset classes among Hispanics with 18.5% of Hispanics having such an account in 2002.
7.3% of a Hispanic investors' wealth on average is invested in a 401(k) account. 7.2% of a Hispanic investors' wealth is invested in stocks/mutual funds. 2.9% of a Hispanic investors' wealth is invested in an IRA/Keogh account.
Information from Pew Hispanic Center