Thread: Another stupid study: Hispanics soon to out-buy other minori

http://www.worldnetdaily.com/news/artic ... E_ID=51787

Hispanics soon will out-buy other minorities
Study shows population growing 8 times faster than average

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Posted: September 2, 2006
1:00 a.m. Eastern



© 2006 WorldNetDaily.com


The Hispanic population in the United States is growing about eight times faster than other groups, a new report says, and by next year Hispanics not only will be the largest minority, but also have the biggest economic influence with spending forecast at more than $800 billion.

The study from the Selig Center for Economic Growth at the University of Georgia's Terry College of Business Friday said although Hispanics surpassed African-Americans in numbers five years ago, it will be in 2006 the two groups draw even in purchasing power.

"But, in terms of spending power, 2007 will mark the first year that Hispanics control more disposable personal income than any other U.S. minority group," the report said.


Hispanics' buying power is forecast to be $863.1 billion in 2007, up more than eight percent from this year, while African-American purchasing power will be $847 billion, up six percent, the report said.

A large part of that is that between 1990 and 2011, the boundaries of the study period, the Hispanic population is expected to increase 126.4 percent. That compares with 15.4 percent for the nation's non-Hispanic population.

Jeff Humphreys, the Selig Center director, said Hispanics' economic impact has risen from $212 billion when he started the assessments in 1990 and he expects it to be $1.2 trillion in another five years.

"That's more than 450 percent growth from 1990 to 2011. Non-Hispanic buying power is growing closer to a rate of 176 percent over the same period," he said.

He said Hispanic buying power also is much more concentrated than that of African-Americans other others.

"For example, California alone accounts for 27 percent of all Hispanic buying power in the U.S.," he said.

The increased influence also can be attributed to better employment opportunities and higher business ownership, the study said. The number of Hispanic-owned businesses grew by 31 percent from 1997 to 2002, Humphreys said, triple the 10 percent growth rate for all U.S. businesses.

The report also notes Asian buying power is the second-fastest growing area, and it is expected to grow 434 percent from 1990 to 2011.

"Asian buying power is attaining critical mass in a growing number of states," Humphreys said.

He noted in 2000, there were six states with more than $10 billion in Asian buying power. This year that number is 11.

The African-American consumer market has five states with more than $50 billion in purchasing power, and that is growing the fastest in the western states of Nevada, Idaho, Utah and Montana, the report said.

Native Americans make up the smallest group assessed by the Selig Center report, with $53.9 billion purchasing in 2006, which is forecast to rise to $73 billion in 2011.

The Selig Center was set up in 1990 in memory of Atlanta entrepreneur Simon S. Selig Jr., a 1935 graduate from Terry College. The center also publishes the annual "Georgia Economic Outlook.

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Just how do they know this? Are they racial profiling shoppers???
This is just another group, doing their best to change the minds of our government to allow illegals to stay here!

I don't think we should discount this.

These people are buying homes like crazy - probably with taxpayer funded loans but they are buying them.

They are opening businesses like crazy, there again possibly with taxpayer funded loans.

While I don't know that they are spending all their money here - they do have the buying power.

Wouldn't you? If you didn't have to pay payroll taxes, licenses, feed or medicate your kids? You bet you would.

When someone else is picking up the tab for your necessities, you have the 'disposable income' to do with as you wish.

While I think this is aimed at saying they should stay - we should see it as a warning sign.

Remember when those of us in the border states began telling the country about the number of illegals here, the inland states scoffed at it.

From this border state, they are buying this country.

...and as long as they keep adding more and more non-profits and welfare agencies that take money from my family and give it to theirs, they will keep spending it. Doesn't matter I guess that I can't afford health insurance, home insurance, medical bills, gas for transportation, education tuition. Noooooooooo, much more important that I keep those immigrant kids in the latest jeans and sneakers from Wal-Mart. I just wish someone in D.C. would tell my kids that these immigrant kids are more important than mine and that we have to be good little taxpayers and just keep losing our quality of life to assure that the immigrants can have it instead. I'm sure they'll understand.

Originally Posted by nntrixie

I don't think we should discount this.
While I don't know that they are spending all their money here - they do have the buying power.
While I think this is aimed at saying they should stay - we should see it as a warning sign.

There are some areas around this state that were once upper middle class to upscale that now look like rundown barrios.

They do buy more red chevy trucks with huge Hispanic surnames on the rear window.

Originally Posted by andyt

They do buy more red chevy trucks with huge Hispanic surnames on the rear window.

I don't know where you live but in Cali they drive Escalade's
and other top of the line SUV's and yes, they are buying homes
and VERY expensive ones I might add like crazy out here.

In my hood they buy Hondas, Toyotas, Escalades, SUVs and spell their names out on the visor and back with that stupid lettering. Also they seem to all (the hondas and toyotas) have fire extinguishers attached to the front window beam, extra gauges and these ridiculously loud exhaust systems that are worth more than the car. Oh and they drop them down so basically all year I hear loud mufflers and annoying bass thuds. The best is in the winter when they get stuck in a large puddle of water or stuck in the snow. Can't help it as they are all standing outside their car wondering what went wrong I die laughing. One thing I love about a snowy winter in my parts

Around here they are all in Old Navy, in the malls shopping, etc. and spending a ton of green cash and of course there are at least 3 children in tow. All at the expense of our tax dollars. And yes this is any given day during the week when they are supposedly working the jobs americans won't take.

We sat at the traffic light when the chicken plant shift changed.

Every third car cost at least $25 to $30. Mostly gaudy pick ups. Around the town, however, I did see several driving Lincoln SUV's and Cadillacs.