U.S. Hispanic Population Growth Means More Spending

The U.S. Hispanic population has grown by 83% since 2000, making it the second-fastest growth segment according to a Claritas Report, The Hispanic American Market Report. That means that almost one in five Americans are Hispanic.

While growth occurred in some of the expected major Hispanic markets like Los Angeles, New York, Houston, Miami, Dallas and Chicago, the southeastern U.S. saw sizable increases in places like Atlanta, Washington D.C., Tampa and Orlando.

The report goes on to describe what this means in household spending and how Hispanics spend differently. Hispanics spend 15% more on meat and eggs and 9% more on fruits and vegetables than the average U.S. household. With larger families and more children in the household, Hispanics also outspend in the following categories. READ MORE AT MEDIAPOST

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