Cuban American News and Information


Hispanic Purchasing Power Surges to $700 Billion


Published: Tue May 25, 2004
By: Publisher in Cuban Americans > Cuban American Business
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[url=http://www.HispanicBusiness.com]http://www.HispanicBusiness.com[/url]

U.S. Hispanic purchasing power has surged to nearly $700 billion and is projected to reach as much as $1 trillion by 2010, according to new estimates by HispanTelligenceŽ.

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The rate of growth is nearly three times the overall national rate over the past decade and will propel the aggregate disposable income of the nation’s largest minority group to $699.78 billion in 2004, according to a HispanTelligenceŽ analysis of data recently released by the U.S. Bureau of Economic Analysis.

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Comments

#1 - On Wed May 26, 2004, publisher (posts: 3310) wrote:

Well, that’ a chart that doesn’t seem to be rounding off any time soon.

When the Embargo is lifted, a wave of Hispanic culture will sweep across the US. First in Miami then to California, New Mexico, Arizona etc. Then, I think urban culture will embrace the music, dance and food of Cuban culture.

Mojito anyone?


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