Thanks to both income growth and population growth, Hispanics of all ages in the U.S. will drive consumer spending beyond millennials’ influence by 2020, according to a research report from Morgan Stanley analysts, MarketWatch reports.
Retail spending by Hispanic-Americans will rise by 1.6 percentage points by 2020, more than millennial spending growth of 0.6 percentage points and spending growth by 65-years-old-plus whites of 0.4 percentage points, according to the report. READ MORE AT RETAIL DIVE
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