Celebrating the Economic Impact of Latinos During Hispanic Heritage Month

WINSTON-SALEM, N.C. - Sept. 20, 2018 - PRLog -- With over 55 million Latinos currently living in the United States, comprising over 17% of the population, Hispanic Americans are distinctly the largest minority population in the country.

In honor of National Hispanic Heritage Month, ThinkNow looked at how Latinos positively impact the U.S. economy.

With the Hispanic-American population projected to grow to 119 million according to the U.S. Census Bureau — over 28% of the total U.S. population — by 2060, Latinos will most certainly continue to contribute to, and substantially impact, the overall growth and productivity of the U.S. economy.

Latinos Are Powerful Consumers

In recent years, more companies and advertisers have invested in initiatives designed to attract Latino consumers specifically, and for a good reason. Hispanic buying power grew from $495 billion in 2000 to $1.4 trillion in 2016, according to the The University of Georgia's Terry College of Business latest Multicultural Economy Report.

That accounts for nearly 10 percent of total… To read the complete story, click on this link: https://abasto.com/en/news/celebrating-economic-impact-latinos/