Monday, March 22, 2010

Hispanic purchasing power in U.S. is $1 trillion strong and growing

March 18, 2010 (MMD Newswire) -- The Infoshop by Global Information would like to present a new market research report, "Share of Wallet: Hispanics - US - Febraury 2010" by Mintel International Group Ltd.


Hispanic purchasing power in the U.S. is growing faster than the purchasing power of any other group. Research and analysis shows that Hispanic families overspend on groceries compared to non-Hispanic. Moreover, Hispanics also spend more on telephony than any other group in the US. Purchasing power among the diverse Hispanic population is currently valued at approximately $1 trillion.


The economic profile of a Hispanic consumer is dynamic. What's more is that Hispanic household spending deeply influences sectors such as apparel, footwear, telecommunications, and food and beverage. These industries have created entire initiatives and business models around products tailoring to the Hispanic household.


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