Growing Hispanic and other ethnic minority populations, helping US economy
source: http://edition.cnn.com/2009/US/05/14/money.census.diversity/index.html
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Over the years the population of the United States has changed dramatically. Up to one third of the US population consists of a minority group.
The Hispanic community has grown at a staggering rate, with nearly one in six residents, or 46.9 million people, coming from a Hispanic background.
Ken Gronbach, author of "The Age Curve: How to Profit from the Growing Demographic Trend", feels that the increase of the Hispanic/Latino population is having a positive affect on the American economy:
"Latinos have saved our country," explained Ken. "They represent 14 per cent of the population but 25 per cent of the live births. The United States is the only western industrialized nation with a fertility rate above the 2.2 per cent replacement rate."
Minority births and high immigration levels have been linked to the improvement of the economy, as they push forward consumer demand.
The real-estate market will also be seeing efficient changes, according to Rakesh Kochhar, associate director of the Pew Hispanic Center. During the housing boom, minorities closed much of the home ownership gap, although the bust has worked to widen that again.
The Hispanic population posted a median age of 27.7 years in 2008. That compared to 36.8 years for the total U.S. population -- which is a year-and-a-half older than the median age in 2000.
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-- Los Angeles County is home to 12.4 million Asians, the most of any county. Honolulu, with 58 percent, had the highest proportion.
-- More Pacific Islanders (283,000) and native Americans (739,000) lived in California than any other state.
-- 44 percent of children younger than 18 and 47 percent of children younger than the age of five are now from minority families.
The Hispanic community has grown at a staggering rate, with nearly one in six residents, or 46.9 million people, coming from a Hispanic background.
Ken Gronbach, author of "The Age Curve: How to Profit from the Growing Demographic Trend", feels that the increase of the Hispanic/Latino population is having a positive affect on the American economy:
"Latinos have saved our country," explained Ken. "They represent 14 per cent of the population but 25 per cent of the live births. The United States is the only western industrialized nation with a fertility rate above the 2.2 per cent replacement rate."
Minority births and high immigration levels have been linked to the improvement of the economy, as they push forward consumer demand.
The real-estate market will also be seeing efficient changes, according to Rakesh Kochhar, associate director of the Pew Hispanic Center. During the housing boom, minorities closed much of the home ownership gap, although the bust has worked to widen that again.
The Hispanic population posted a median age of 27.7 years in 2008. That compared to 36.8 years for the total U.S. population -- which is a year-and-a-half older than the median age in 2000.
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-- Los Angeles County is home to 12.4 million Asians, the most of any county. Honolulu, with 58 percent, had the highest proportion.
-- More Pacific Islanders (283,000) and native Americans (739,000) lived in California than any other state.
-- 44 percent of children younger than 18 and 47 percent of children younger than the age of five are now from minority families.
